Minimum Salary Requirements For Exempt Employees 2024

Minimum Salary Requirements For Exempt Employees 2024. Under dol’s new rule, to be exempt from overtime, an employee will need make at least $844/week ($43,888/year) beginning on july 1, 2024. These salary requirements do not apply to outside sales.

Under dol’s new rule, to be exempt from overtime, an employee will need make at least $844/week ($43,888/year) beginning on july 1, 2024. Under this new rule, a worker must earn at least $43,888 beginning on july 1, 2024 to satisfy the salary basis test for overtime exemption.

Effective July 1, 2024, The Minimum.

As it stands, the requirement is that executive,.

The New Proposed Rule Raised The Minimum Salary Floor To $55,068 Per Year ($1,059 Per Week) For Employees Classified As Exempt Effective July 1, 2024.

Previously set at $684 per week ($35,568 annually), the.

As A Result Of A Change In The.

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Some Workers Are Specifically Exempt From The Flsa’s Minimum Wage And Overtime Protections, Including Bona Fide Executive, Administrative Or Professional.

The minimum salary required to be paid to an eap employee for that employee to be exempt from the flsa overtime requirements would be $1,059 per week ($55,068.

As Of April 23, The Dol Has Set A New Schedule To Increase The Minimum Salary For Exempt Employees.

Effective july 1, 2024, the minimum salary threshold for exempt employees will increase from $35,568 to $43,888.