Flsa New Salary Threshold 2024. The salary threshold to be exempt just jumped from $35,568 per year to $43,888. Department of labor (dol) unveiled a new final rule that will significantly raise the minimum salary threshold to qualify for certain overtime.
These revisions to the fair labor standards act (flsa) will increase the minimum salary from the current amount of $35,568 to $43,888 ($844/week) starting. 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, 2024, The U.s.
The minimum salary required to be classified as exempt from overtime under federal law will increase on july 1, 2024 and again on january 1, 2025.
On April 23, 2024, The U.s.
With a higher threshold for exemption, more workers are entitled to 1.5 times.
Flsa New Salary Threshold 2024 Images References :
The New Overtime Rule Increases The Flsa Salary Threshold To $43,888 Annually ($844 Per Week), Up From $35,568 ($684 Per Week).
Department of labor (dol) unveiled a new final rule that will significantly raise the minimum salary threshold to qualify for certain overtime.
The Rule Increases This Minimum Salary Threshold, Initially To $844 Per Week ($43,888 Per Year) As Of July 1, 2024, And Then To $1,128 Per Week ($58,656 Per Year).
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.
