Dol Minimum Salary For Exempt Employees 2024. Starting july 1, 2024, the minimum salary requirement will rise to $844 per week, which equates to $43,888 annually. In april 2024, the united states department of labor (dol) released a final rule that will increase the minimum salary amount required to be paid to certain employees in order for these employees to be considered exempt from the fair labor standards act (flsa) overtime pay requirements.
Starting july 1, 2024, the minimum salary threshold for qualifying for the executive, administrative, or professional exemption will increase from $684 per week ($35,568 per year) to $844 per week ($43,888 per year). In april 2024, the united states department of labor (dol) released a final rule that will increase the minimum salary amount required to be paid to certain employees in order for these employees to be considered exempt from the fair labor standards act (flsa) overtime pay requirements.
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