Flsa Salary Threshold 2024 Effective Date. March 4, 2024, 4:08 pm utc. Department of labor (department) announced a final rule, defining and delimiting the exemptions for.
The final rule made the following critical changes to the overtime requirements under the flsa: 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.
The Salary Thresholds Required For Exempt Status Will.
That marks a 23% increase over the current level.
Effective July 1, 2024, The Threshold Will Increase To $844 Per Week, Which Is The Equivalent Of An Annual Salary Of $43,888.
Key changes in the final rule include:
The July 1 Increase Updates The Present Annual Salary Threshold Of $35,568 Based On The Methodology Used.
Images References :
The Final Rule Made The Following Critical Changes To The Overtime Requirements Under The Flsa:
Effective july 1, 2024, the threshold will increase to $844 per week, which is the equivalent of an annual salary of $43,888.
In 2016, A Similar Proposed Change Would Have Moved The Salary Threshold From $455 Per Week ($23,660 Annualized) To $913 Per Week ($47,476).
Dol should extend the effective date of any final rule implementing a higher salary threshold.
Department Of Labor Today Announced A Notice Of Proposed Rulemaking That Would Restore And Extend Overtime Protections To 3.6 Million.