Flsa Salary Threshold 2024

Flsa Salary Threshold 2024. 1.5 lakh has remained unchanged. The minimum salary required for exemption is two times the state minimum wage for the first 40 hours of employment each week.


Flsa Salary Threshold 2024

This rule will primarily impact employees with annual salaries between $35,000 and $44,000 as of july 1, 2024) and $44,000 and $58,656 (as of january 1, 2025). These revisions to the fair labor standards act (flsa) will increase the minimum salary from the current amount of $35,568 to $43,888 ($844/week) starting july 1, 2024.

This New Law Changes What Qualifies As.

The minimum salary required for exemption is two times the state minimum wage for the first 40 hours of employment each week.

Additionally, Final Rule Applies To The Salary For The Computer.

2024 volume xiv, number 199.

Flsa Salary Threshold 2024 Images References :

As A Result Of A Change In The State’s Minimum.

Dear colleagues, on september 8, 2023,.

The Current Threshold Is $684 Per Week ($35,568 Annualized).

The increase will occur in two phases: