Flsa Highly Compensated 2024. Prepare for flsa’s new salary thresholds for highly compensated employees. The rule also provides for automatic.
The salary threshold for flsa exemptions for highly compensated employees will increase to $151,164/year. For highly compensated employees, the threshold will increase to $132,964 in july 2024, and to $151,164 in january 2025.
Employers With Exempt Employees Making Less Than The.
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.
1, 2025, The Total Compensation Threshold Will Increase To $151,164, Which Includes At Least $1,128 Per Week Paid On A Salary Basis.
Beginning july 1, 2027, the salary thresholds.
The Salary Threshold For Flsa Exemptions For Highly Compensated Employees Will Increase To $151,164/Year.
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Highly Compensated Employees Who Receive Total Annual Compensation Of At Least $132,964 Effective July 1, 2024, And At Least $151,164 Effective Jan.
There are two salary level tests that set the minimum amount an employee can earn to be considered exempt from flsa overtime protections:
Department Of Labor (Dol) Unveiled A New Final Rule That Will Significantly Raise The Minimum Salary Threshold To Qualify For Certain Overtime.
Highly compensated employee exemption test.
On July 1, 2027, And Every Three Years Following, The Salary Threshold Will Be Increased.