The new rule increases the salary for white collar exempt employees from $684 per week to. The salary thresholds required for exempt status will.
The 2024 overtime rule (the “2024 rule”) would have, among other things, increased the minimum salary for exemption as executive, administrative, or. Department of labor announced a final rule, defining and delimiting the exemptions for executive, administrative, professional, outside sales,.
On July 1, Most Salaried Workers Earning Less Than $844 Per Week Will Become Eligible For Overtime.
The department of labor (dol) issued its final rule on april 23, 2024, increasing the wage thresholds for certain exemptions to minimum wage and overtime.
The Final Rule Introduces Key Changes:
Effective july 1, 2024, the salary threshold for exemption status will increase to $43,888.
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The New Rule Increases The Salary For White Collar Exempt Employees From $684 Per Week To.
The rule revises the regulations issued under the fair labor standards act (flsa) that implement the exemptions from minimum wage and overtime pay.
The Final Rule Made The Following Critical Changes To The Overtime Requirements Under The Flsa:
The new rule provides for three main changes to the flsa exempt rules: