Non Exempt Salary Threshold 2024. On july 1, 2024, despite ongoing litigation challenging its validity, the department of labor's (dol) rule increasing certain exempt employees' salary. The list includes some special districts in states but does.
The rule increases this minimum salary threshold, initially to $844 per week ($43,888 per year) as of july 1, 2024, and then to $1,128 per week ($58,656 per year). As summer looms near, employers of salaried workers would be wise to prepare for anticipated increases to the salary basis threshold for certain categories of.
Effective July 1, 2024, The Salary Threshold Will Increase From The Current Level Of $684 Per Week ($35,568 Annualized) To $844 Per Week ($43,888 Annualized).
The minimum salary required to be classified as exempt from overtime under federal law will increase on july 1, 2024 and again on january 1, 2025.
Effective July 1, 2024, The Threshold Will Increase To $844 Per Week, Which Is The Equivalent Of An Annual Salary Of $43,888.
Employers have been required since august 20, 2023, when the u.s.
Non Exempt Salary Threshold 2024 Images References :
As A Result Of A New State Minimum Wage, The Salary Threshold Used To Determine Which Workers Are Exempt From Overtime Under State Law Will Also Increase To.
Effective july 1, 2024, the threshold will increase to $844 per week, which is the equivalent of an annual salary of $43,888.
To Qualify For Exemption, Employees Generally Must Be Paid At Not Less Than $684 * Per Week On A Salary Basis.
The rule increases this minimum salary threshold, initially to $844 per week ($43,888 per year) as of july 1, 2024, and then to $1,128 per week ($58,656 per year).