Flsa Minimum Salary Threshold 2024

Flsa Minimum Salary Threshold 2024. The july 1 increase updates the present annual salary threshold of $35,568 based on the methodology used by the prior administration in the 2019 overtime rule update. Department of labor said tuesday it will publish a final rule raising the fair labor standards act’s minimum annual salary threshold for overtime pay eligibility in a.


Flsa Minimum Salary Threshold 2024

The final rule will increase the standard salary level and the highly compensated employee total annual compensation threshold on the rule’s effective date on july 1, 2024, and on january 1, 2025, when changes in the. On july 1, 2024, the first phase of the u.s.

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