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Hace 6 horas · Under the 2024 final rule, the minimum salary level will change as follows: •On July 1, 2024, the minimum salary level will increase from the current $684 per week (equivalent to $35,568/year) to $844 per week (equivalent to $43,888/year). •On January 1, 2025, the minimum salary level will increase to $1,128 per week (equivalent to $58,656 ...
Hace 2 días · The current total annual compensation level to be exempt from overtime and minimum wage requirements under the FSLA’s “highly compensated employee” exemption is $107,432 per year, which includes at least $684 per week paid on a salary or fee basis. But this will change once the new overtime rules take effect on July 1st, 2024.
14 de may. de 2024 · On April 23, 2024, the U.S. Department of Labor (DOL) issued its final rule redefining worker overtime pay eligibility under the Fair Labor Standards Act. Effective July 1, 2024, the salary threshold to be exempt from overtime pay increases to an annual salary of $43,888 and on January 1, 2025, that threshold increases to $58,656.
24 de may. de 2024 · Employers must decide whether to incrementally comply with the rule’s salary threshold updates or move straight to compliance with the higher 2025 threshold, attorneys told HR Dive. Read the ...
28 de may. de 2024 · Business groups are suing the U.S. Department of Labor over its 2024 overtime rule, claiming it unlawfully prioritizes salary over job duties for determining exemptions.
28 de may. de 2024 · On April 23, 2024, the U.S. Department of Labor released a final rule that will substantially increase the salary threshold to qualify for certain overtime exemptions under the Fair Labor Standards Act (“FLSA”).
28 de may. de 2024 · The second portion of the final rule takes effect on January 1, 2024. Under the final rule, the standard salary level for the overtime exemption for executive, administrative, and professional employees increases from $684 per week to $844 per week, which is the equivalent of an annual salary of $43,888, effective July 1, 2024.
