The changes will expand overtime. On july 1, most salaried workers earning less than $844 per week will become eligible for overtime.
On april 23, 2024, the dol published a final rule that raises the minimum salary threshold of the standard exemption for executive, administrative, professional,. Department of labor (dol) unveiled a new final rule that will significantly raise the minimum salary threshold to qualify for certain overtime.
On July 1, The Standard Eap Salary Threshold Will Rise From The Current Floor Of $684 Per Week ($35,568 Annually) To $844 Per Week ($43,888 Annually).
Department of labor (“dol”) published the final version of a rule originally proposed in september 2023, raising the salary.
The Current Threshold Is $684 Per Week ($35,568 Annualized).
Flsa rule changes become effective july 1, 2024.
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The Updated Flsa Rule Changes The Current Salary Threshold ($684 Per Week) To $844 Per Week ($43,888 Annually) For An Employee To Qualify For The Executive,.
Flsa rule changes become effective july 1, 2024.
As Of July 1, 2024, All Employees In The United States Who Earn Less Than $844 Per Week ($43,888 Per Annum) Cannot Be Considered Exempt From The Requirements Of.
On july 1, 2024, the threshold will rise to $844 per week.