2024 Flsa Exempt Minimum Salary. Employers with exempt employees making less than the new minimum salary requirements for exempt workers will need to decide whether to raise salaries or. Increase the minimum weekly salary to $844 per week, equivalent to.
The increase will take effect in two stages over six months. Additionally, final rule applies to the salary for the computer professional.
Proposed Changes To The Flsa Exemptions For Executive, Administrative, And Professional (Eap) Employees Would Increase The Minimum Salary Thresholds.
Kunzler bean & adamson employment law / law updates effective july 1, 2024:
Under The Existing Federal Rules, The Minimum “Standard Salary Level” Under The Flsa Is $684 Per Week, Which Translates To $35,568 Per Year.
The july 1 increase updates the present annual salary threshold of $35,568 based on the methodology used.
Additionally, Final Rule Applies To The Salary For The Computer Professional.
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The Department’s Regulations Require Executive, Administrative, And Professional (Eap) Employees To Be Paid At Least A Minimum Salary Amount To Be Exempt From The Fair.
Salary basis threshold for flsa exempt employees increases to $43,888.
This Fact Sheet Provides Information On The Salary Basis Requirement For The Exemption From Minimum Wage And Overtime Pay Provided By Section 13(A)(1) Of The Flsa As Defined.
The employee must receive the minimum weekly salary threshold amount in order to pass the salary test.
Starting July 1, 2024, Employers Must Satisfy A Higher Salary Threshold In Order To Consider Employees As Exempt From Fair Labor Standards Act (Flsa) Overtime.