On april 23, 2024, the united states department of labor (“dol”) announced a final rule which will raise the salary threshold required to classify employees as. The final rule increases the salary threshold for overtime eligibility from an annual salary of $35,568 to an annual salary of $43,888, effective july 1, 2024.
The final rule made the following critical changes to the overtime requirements under the flsa: On april 23, 2024, the.
Effective July 1, 2024, The Salary Threshold Will Increase From The Current Level Of $684 Per Week ($35,568 Annualized) To $844 Per Week ($43,888 Annualized).
The final rule made the following critical changes to the overtime requirements under the flsa:
The July 1 Increase Updates The Present Annual Salary Threshold Of $35,568 Based On The Methodology.
1, 2025, the salary threshold will adjust to $1,128 per week ($58,656 per year).
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Effective July 1, 2024, The Salary Threshold Will Increase To The Equivalent Of An Annual Salary Of $43,888 And Increase To $58,656 On Jan.
In the proposed rule, whd.
Department Of Labor (Dol) Announces Final Flsa Rule On New Salary Threshold For Overtime Pay Eligibility.
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.