Flsa Exempt Salary Threshold 2024. The new rule increases the annual compensation requirement for hce’s from $107,432 to $132,964 on july 1, and to $151,164 on january 1, 2025. The rule will further raise the annualized salary threshold for the exemption for “highly compensated employees” (hce) to $151,164, up from $107,432.
Further, the rule increases the earnings threshold for the flsa’s highly compensated employee exemption (“hce exemption”) from $107,432 per year to $132,964. On that date, employees whose job duties meet the test for the flsa’s “white collar exemptions” must be paid a fixed salary of at least $844 per week, or $43,888 per year, in.
Raising The Federal Minimum Wage To 15 By.
The july 1 increase updates the present.
However, Section 13 (A) (1) Of The Flsa Provides An Exemption From Both Minimum Wage And Overtime Pay For Employees Employed As Bona Fide Executive, Administrative, Professional And.
The salary threshold to be exempt just jumped from $35,568 per year to $43,888.
The Salary Threshold To Be Exempt Just Jumped From $35,568 Per Year To $43,888.
However, section 13 (a) (1) of the flsa provides an exemption from both minimum wage and overtime pay for employees employed as bona fide executive, administrative, professional and.
The Final Threshold Will Increase Again On January 1, 2025, To A Minimum Salary Of $1,128 Per Week ($58,656 Per Annum).
South carolina follows the federal minimum salary threshold established by the flsa for exempt employees.
