The final rule is expected in april, 2024. The final rule increases the salary threshold required to exempt a bona fide executive, administrative, or professional employee from federal overtime requirements.
Starting july 1, 2024, employers must satisfy a higher salary threshold in order to consider employees as exempt from fair labor standards act (flsa) overtime. Federal salary threshold for exempt employees will increase starting july 1, 2024.
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.
Employers May Want To Review Their Payroll Practices In Light Of The Increases To The Salary Thresholds For Exempt Employees, As Well As The Stateโs New Minimum.
The final rule increases the salary threshold required to exempt a bona fide executive, administrative, or professional employee from federal overtime requirements.
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In April 2024, The Department Of Labor (Dol) Issued Its Final Rule Raising The Threshold Salary Requirements Under The Fair Labor Standards Act (Flsa) For Employees.
Salary threshold for overtime exemption.
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.