The department’s final rule, which will go into effect on july 1, 2024, will increase the standard salary level that helps define and delimit which salaried workers are entitled to overtime pay protections under the flsa. On april 23, 2024, the united states department of labor (“dol”) announced a final rule which will raise the salary threshold required to classify employees as.
The proposed rule would do the following: The new rule raises the hce salary threshold to $132,964 per year (including at least $844 per week paid on a salary or fee basis ) effective july 1, 2024.
The Current Salary Threshold For Exempt Status For Executive, Administrative, And Professional (Eap) Positions Is $684.
On april 23, 2024, the united states department of labor (“dol”) announced a final rule which will raise the salary threshold required to classify employees as.
Revisions Include Increases To The Standard Salary Level And The Highly Compensated Employee Total Annual Compensation Threshold, And A Mechanism That Provides For The.
Increase the minimum weekly salary to $844 per week, equivalent to.
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The New Rule Takes Effect On July 1, 2024.
Under the final rule, the salary threshold will increase to $132,964 on july 1, 2024, and to $151,164 by jan.
The New Dol Final Rule Will Make Three Key Changes To The Flsa Exemptions: