Minimum Salary For Exempt Employees 2024

Minimum Salary For Exempt Employees 2024. On april 23, 2024, the u.s. Starting july 1, 2024, the final rule will require that most salaried workers who earn less than $43,888 ($844 per week) be eligible for overtime pay.


Minimum Salary For Exempt Employees 2024

The final threshold will increase again on january 1, 2025, to a minimum salary of $1,128 per week ($58,656 per annum). 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 rules.

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