On april 23, 2024, the united states department of labor (“dol”) announced a final rule which will raise the salary threshold required to classify employees as exempt from overtime pay. The minimum salary required for exemption is two times the state minimum wage for the first 40 hours of employment each week.
The following is a comprehensive list of the 2024 exempt status salary threshold by city and state. The list includes some special districts in states but does.
Starting July 1, 2024, The Final Rule Sets The Standard Salary Level For Executive, Administrative And Professional Exempt Employees Under The Flsa At $844 Per Week.
The current salary threshold for exempt status for executive, administrative, and professional (eap) positions is $684.
The Minimum Salary Required For Exemption Is Two Times The State Minimum Wage For The First 40 Hours Of Employment Each Week.
On april 23, 2024, the u.s.
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On April 23, 2024, The U.s.
Beginning july 1, 2024, the new dol rule increases the salary threshold, making millions of previously exempt employees nonexempt from overtime pay.
Find Out What These Changes Mean For.
Department of labor published its final rule increasing the salary threshold for the white collar exemptions under federal minimum wage and overtime law:.