The current salary threshold for exempt status for executive, administrative, and professional (eap) positions is $684. In april 2024, the department issued a final rule increasing the standard salary level for exemption, and the total annual compensation requirement for highly compensated employees, as detailed below.
The department’s final rule, which will go into effect on july 1, 2024, will increase the standard salary level that helps define and delimit which salaried workers. On april 23, the department of labor (dol) issued its final rule to alter the overtime pay regulations under the flsa.
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.
The final rule introduces key changes:
Department Of Labor (Dol) Announced It Intends To Significantly Raise The Exempt Salary Threshold From $684 Per Week To $1,059 Under A New Proposed.
Following proposed rulemaking in august 2023, the u.s.
Images References :
Department Of Labor (“Dol”) Issued A Final Rule (The “Rule”) Increasing The Minimum Salary Threshold For Employees Exempt From The.
The rule increases the minimum salary.
Following Proposed Rulemaking In August 2023, The U.s.