Dol Minimum Salary For Exempt Employees 2024 Pay. Department of labor (dol) finalized a rule on april 23, 2024, setting the standard salary level for the “white collar”. Exempt computer employees may be paid at.
Effective july 1, 2024, an executive, administrative, or professional employee must receive a salary equivalent to $43,888 per year in order to be classified as exempt. Starting july 1, 2024, the minimum salary requirement will rise to $844 per week, which equates to $43,888 annually.
On April 23, 2024, The U.s.
Department of labor (“dol”) released a new final rule that significantly increases the minimum salary.
The New Rules Increase The Minimum Salary From The Current Level Of $684 Per Week (About $35,568 Per Year) To $844 Per Week (About $43,888 Per Year) Effective July 1, 2024, And $1,128 Per Week (About $58,656 Per Year) Effective January 1, 2025.
The final rule raises the minimum salary.
The Final Rule Is Expected In April, 2024.
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Department Of Labor (Dol) Finalized A Rule On April 23, 2024, Setting The Standard Salary Level For The “White Collar”.
On april 23, 2024, the u.s.
Specifically, The Proposed Rule Would Increase The Minimum Salary Required To Be Paid To An Executive, Administrative, Or Professional Employee In Order For That Employee To Be.
On august 30, 2023, the dol released a proposed rule that, if finalized, would increase the minimum salary required to $1,059 per week in order for administrative, professional.
A Further Increase Will Take Effect On January 1, 2025,.