The new rule raises the hce salary threshold to $132,964 per year (including at least $844 per week paid on a salary or fee basis ) effective july 1, 2024 and then to $151,164 per year (including at least $1,128 per week paid on a salary or fee basis) as of january 1, 2025. On april 23, 2024, the u.s.
1, 2025—an increase of over 41% over today’s current minimum salary threshold. Effective july 1, 2024, the threshold will increase to $844 per week, which is the equivalent of an annual salary of $43,888.
The July 1 Increase Updates The Present Annual Salary Threshold Of $35,568 Based On The Methodology Used By The Prior Administration In The 2019 Overtime Rule Update.
Part 541, as applied to outside sales employees.
Effective July 1, 2024, The Salary Threshold Will Increase To The Equivalent Of An Annual Salary Of $43,888 And Increase To $58,656 On Jan.
The new rule raises the hce salary threshold to $132,964 per year (including at least $844 per week paid on a salary or fee basis ) effective july 1, 2024 and then to $151,164 per year (including at least $1,128 per week paid on a salary or fee basis) as of january 1, 2025.
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Effective January 1, 2025, The Threshold Will Then Increase To $1,128 Per Week, Which Is The Equivalent Of An Annual Salary Of $58,656.
Part 541, as applied to outside sales employees.
This Fact Sheet Provides Information On The Exemption From Minimum Wage And Overtime Pay Provided By Section 13 (A) (1) Of The Flsa As Defined By Regulations, 29 C.f.r.
Department of labor’s final rule raising the minimum salary level requirements for application of the fair labor standards act (flsa) “white collar” exemptions is scheduled to take.
