Lolly Rachele 2024 New Exempt Salary Threshold 2024 Dol

New Exempt Salary Threshold 2024 Dol

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New Exempt Salary Threshold 2024 Dol. The rule proposes automatically updating the salary threshold every three years to reflect current earnings data. In april 2024, the department issued a final rule increasing the standard salary level for exemption, and the total annual compensation requirement for highly compensated.


New Exempt Salary Threshold 2024 Dol

Effective july 1, 2024, the minimum salary threshold for exemption will increase to $43,888 annually. 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.

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