Flsa Exempt Salary Threshold 2024

Flsa Exempt Salary Threshold 2024. 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 on january 1, 2025, when changes in the methodologies used to. Department of labor (dol) unveiled a new final rule that will significantly raise the minimum salary threshold to qualify for certain overtime.

See how this rule could affect your business with paychex. On april 23, 2024, the u.s.