Minimum Salary Threshold 2024. For highly compensated employees, the threshold will increase to $132,964 in july 2024, and to $151,164 in january 2025. The second increase will happen january 1st.
Beginning july 1, 2027, and every three (3) years thereafter Corrigendum and vda supersession orders dated 29/7/22.
That Minimum Remained Flat For 2024, But The U.s.
Executive, administrative, and professional employee salary threshold.
Effective January 1, 2025, The Salary Threshold Will Increase Again To $151,164 Per Year.
The rule also implements automatic updates to the threshold that will occur every three years.
The Flsa's Minimum Salary Requirement Is Set To Remain The Same To Start 2024, But The United States Department Of Labor (Dol) Has Published A Proposed Rule That Would Increase The Minimum Salary Requirement Sometime In 2024 (See Below).
Images References :
An Interim Immigration Salary List, Replacing The Shortage Occupation List, Also Took Effect On 4 April 2024;
The rule also implements automatic updates to the threshold that will occur every three years.
Executive, Administrative, And Professional Employee Salary Threshold.
Starting july 1, 2024, employers must satisfy a higher salary threshold in order to consider employees as exempt from fair labor standards act overtime rules.
The ‘Going Rate’ For The Type Of Work You’ll Be Doing.