Dol New Exempt Salary Threshold 2024

Dol New Exempt Salary Threshold 2024

As expected, the final rule raises the minimum salary. Exempt computer employees may be paid at least $684* on a salary basis or on an hourly basis at a rate not less than $27.63 an hour.


Dol New Exempt Salary Threshold 2024

Changes to the exempt salary thresholds. First, using the old 2019 methodology, the rule.

Under The Final Rule, The Salary Threshold Will Increase To $132,964 On July 1, 2024, And To $151,164 By Jan.

Adjusted for inflation, that amount today would be.

The Final Rule Is Expected In April, 2024.

The new salary threshold will take effect in two steps.

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The Final Rule Is Expected In April, 2024.

The dol also seeks to increase the annualized salary threshold for the exemption for “highly compensated employees,” from the current $107,432 per year to.

New And Small Business Resources;

1, 2025—an increase of over 41% over today’s current.