Exempt Salary Threshold 2024 Dollar General. The minimum salary threshold for the white collar exemptions will increase significantly, from $684 per week ($35,568 per year) to $844 per week. Following proposed rulemaking in august 2023, the u.s.
The 2024 final rule raises the salary threshold for the white collar and highly compensated exemptions in two phases. 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.
The 2024 Final Rule Raises The Salary Threshold For The White Collar And Highly Compensated Exemptions In Two Phases.
Under this new ruling, the salary threshold for exempt employees—those not entitled to overtime pay—will rise from an annual salary of $35,568 ($684 per week) to.
On April 23, 2024, The U.s.
The rule will raise the threshold to $844 per week and the equivalent of $43,888 per year on july 1, and then to $1,128 per week and the equivalent of $58,656.
These Salary Requirements Do Not Apply To Outside Sales.
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The Current Threshold Is A Little Over $107,000.
On july 1, 2024, that will.
The Final Rule Raises The Minimum Salary Threshold For Eap Workers To $844 Per Week Or $43,888 Per Year Effective July 1, 2024, And $1,128 Per Week Or $58,656.
On april 23, 2024, the u.s.
As A Result Of A New State Minimum Wage, The Salary Threshold Used To Determine Which Workers Are Exempt From Overtime Under State Law Will Also Increase To.