Additionally, final rule applies to the salary for the computer professional. The final rule is expected in april, 2024.
The current salary threshold for exempt status for executive, administrative, and professional (eap) positions is $684. On july 1, 2024, the department of labor’s rule raising the salary threshold for workers to be exempt from the overtime requirements of the fair labor standards.
On July 1, 2024, The Department Of Labor’s Rule Raising The Salary Threshold For Workers To Be Exempt From The Overtime Requirements Of The Fair Labor Standards.
Under the new rule, on july 1, 2024, the annual salary threshold required to exempt a salaried worker from federal overtime pay requirements will increase from.
The Employee Must Receive The Minimum Weekly Salary Threshold Amount In Order To Pass The Salary Test.
Further, the rule increases the earnings threshold for the flsa’s highly compensated employee exemption (“hce exemption”) from $107,432 per year to.
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In April 2024, The Department Issued A Final Rule Increasing The Standard Salary Level For Exemption, And The Total Annual Compensation Requirement For Highly Compensated.
On april 23, 2024, the dol published a final rule that raises the minimum salary threshold of the standard exemption for executive, administrative, professional,.
The Employee Must Receive The Minimum Weekly Salary Threshold Amount In Order To Pass The Salary Test.
The july 1 increase updates the present annual salary threshold of $35,568 based on the methodology.