Flsa Overtime Threshold 2024. The new overtime rule increases the flsa salary threshold to $43,888 annually ($844 per week), up from $35,568 ($684 per week). But, this threshold is only one of three requirements employees must meet for flsa exemption.
The rule also implements automatic updates to the threshold that will occur every three years. In the proposed rule, whd sought to increase the salary threshold from its current level of $35,568 annually to $60,209 โ a nearly 70% increase.*
On April 23, 2024, The Dol Published A Final Rule That Raises The Minimum Salary Threshold Of The Standard Exemption For Executive, Administrative, Professional, And Outside Sales Employees, As Well As Some Computer Employees From The Minimum Wage And Overtime Protections Under The Flsa.
On april 23, 2024, the u.s.
On April 23, 2024, The United States Department Of Labor (โDolโ) Announced A Final Rule Which Will Raise The Salary Threshold Required To Classify Employees As Exempt From Overtime Pay Requirements Under Federal Law.
The rule will also increase the total annual compensation requirement for highly compensated employees (who are not entitled to overtime pay under the flsa if certain requirements are met) from $107,432 per year to $132,964 per year on july 1, 2024, and then set it equal to $151,164 per year on jan.
1 Effective July 1, 2024, The Salary Threshold Will Increase From The Current Level Of $684 Per Week ($35,568 Annualized) To.
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On April 23, 2024, The U.s.
On april 23, 2024, the u.s.
Effective January 1, 2025, The Salary Threshold Will Increase To $58,656.
What the final rule does.
The Proposed Rule Would Guarantee Overtime Pay For Most Salaried Workers Earning Less Than $1,059 Per Week, About $55,000 Per Year.