New Flsa Salary Threshold 2024. The new overtime rule increases the flsa salary threshold to $43,888 annually ($844 per week), up from $35,568 ($684 per week). The new rule takes effect on july 1, 2024.
The proposed rule would guarantee overtime pay for most salaried workers earning less than $1,059 per week, about $55,000 per year. The minimum salary required to be classified as exempt from overtime under federal law will increase on july 1, 2024 and again on january 1, 2025.
The Updated Flsa Rule Changes The Current Salary Threshold ($684 Per Week) To $844 Per Week ($43,888 Annually) For An Employee To Qualify For The Executive,.
The new overtime rule increases the flsa salary threshold to $43,888 annually ($844 per week), up from $35,568 ($684 per week).
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.
The new rule takes effect on july 1, 2024.
New Flsa Salary Threshold 2024 Images References :
Department Of Labor (Dol) Unveiled A New Final Rule That Will Significantly Raise The Minimum Salary Threshold To Qualify For Certain Overtime.
With a higher threshold for exemption, more workers are entitled to 1.5 times.
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The new overtime rule increases the flsa salary threshold to $43,888 annually ($844 per week), up from $35,568 ($684 per week).