Under the final rule, the salary threshold will increase to $132,964 on july 1, 2024, and to $151,164 by jan. On april 23, 2024, the u.s.
The final rule will increase the standard salary level and the highly compensated employee total annual compensation threshold on the rule’s effective date on july 1, 2024, and on. On that date, the new salary amount threshold for a nonteaching, salaried supervisor or administrator increases to.
The Final Rule Introduces Key Changes:
On july 1, 2024, the department of labor’s rule raising the salary threshold for workers to be exempt from the overtime requirements of the fair labor standards.
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 Are Entitled To Overtime Pay Protections Under The Flsa.
On april 23, the department of labor (dol) issued its final rule to alter the overtime pay regulations under the flsa.
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Unless Specifically Exempted, Employees Covered By The Act Must Receive Overtime Pay For Hours Worked In Excess Of 40 In A Workweek At A Rate Not Less Than Time.
The new overtime rule increases the flsa salary threshold to $43,888 annually ($844 per week), up from $35,568 ($684 per week).
On July 1, Most Salaried Workers Earning Less Than $844 Per Week Will Become Eligible For Overtime Pay.
On april 23, 2024, the dol published a final rule that raises the minimum salary threshold of the standard exemption for executive, administrative, professional,.
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