Flsa Salary Threshold 2024 Effective Date. The final rule is expected in april, 2024. On april 23, 2024, the department of labor (dol) released a final rule that raises the salary thresholds for certain overtime exemptions under the federal fair labor.
The final rule will increase the standard salary level and the highly compensated employee total annual compensation threshold on the rule’s effective date on july 1, 2024, and. As we noted in our prior alert, the new rule significantly increases the annual salary threshold required to classify employees as exempt under the fair labor.
The Final Rule Is Expected In April, 2024.
Effective july 1, 2024, the threshold will increase to $844 per week, which is the equivalent of an annual salary of $43,888.
The New Overtime Salary Threshold Of 2024.
On april 23, 2024, the department of labor (dol) released a final rule that raises the salary thresholds for certain overtime exemptions under the federal fair labor.
Department Of Labor (“Dol”) Published The Final Version Of A Rule Originally Proposed In September 2023, Raising The.
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The Changes Will Expand Overtime.
Effective july 1, 2024, the threshold will increase to $844 per week, which is the equivalent of an annual salary of $43,888.
The New Overtime Salary Threshold Of 2024.
Department of labor (dol) issued a final rule that would increase the salary threshold to $844 a week ($43,888 annualized) effective july 1,.
Highly Compensated Employee Total Annual Compensation Threshold 2: