New Exempt Salary Threshold 2024. Eeoc title vii guidance, captive audience meetings, cemex, and exempt salary threshold challenges: 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).
Further, the rule increases the earnings threshold for the flsa’s highly compensated employee exemption (“hce exemption”) from $107,432 per year to. Plan now for new exempt salary threshold starting in 2024 on august 30, 2023, the u.s.
What Does This Dol Overtime Rule Update Mean For Your Small Business?
Department of labor (dol) announced it intends to significantly.
The Final Rule Raises The Minimum Salary Threshold For Eap Workers To $844.
Dol proposes new exempt salary threshold to start in 2024.
As A Result Of A New State Minimum Wage, The Salary Threshold Used To Determine Which Workers Are Exempt From Overtime Under State Law Will Also Increase To.
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Further, The Rule Increases The Earnings Threshold For The Flsa’s Highly Compensated Employee Exemption (“Hce Exemption”) From $107,432 Per Year To.
The proposed rule was open for public comment until november 7, 2023.
What Does This Dol Overtime Rule Update Mean For Your Small Business?
Effective july 1, 2024, the salary threshold will increase from the current $107,432 per year to $132,964 per year.