Highly Compensated Employee 2024 Flsa. Highly compensated employee 2024 exemption. The final rule will increase the standard salary level and the highly compensated employee total annual compensation threshold on the rule’s effective date.
In addition, the rule will adjust the threshold for highly compensated. For highly compensated employees, the threshold will increase to $132,964 in july 2024, and to $151,164 in january 2025.
First, The Employee Must Be Paid A Total Annual Compensation Of At Least $132,964 As Of July 1, Which Includes At Least $844 Per Week On A Salary Basis.
The flsa’s regulations also contain a special rule for “highly compensated” employees that combines a much higher annual compensation requirement with a.
In April 2024, The United States Department Of Labor (Dol) Released A Final Rule That Will Increase The Minimum Salary Amount Required To Be Paid To Certain.
For fair labor standards act (flsa) purposes, an employee classification exempting certain highly paid employees from the flsa’s minimum wage and overtime pay.
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.
Department of labor (“dol”) released a new final rule that significantly increases the minimum salary threshold to qualify for the.