New Exempt Salary Threshold 2024. 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. The department’s final rule, which will go into effect on july 1, 2024, will increase the standard salary level that helps define and delimit which salaried workers are entitled to.
The final rule will increase the standard salary level and the highly compensated employee total annual compensation threshold on the rule’s effective date on july 1, 2024, and on january 1, 2025, when changes in the methodologies used to calculate these levels become applicable. The following is a comprehensive list of the 2024 exempt status salary threshold by city and.
New Exempt Salary Threshold 2024 Images References :