Highly Compensated Employee Threshold 2024. On april 23, 2024, the department of labor (dol) issued the highly anticipated final rule to substantially change the minimum salary threshold and highly. The annual salary threshold for the hce exemption will increase from $107,432 to $132,964 on july 1, 2024, and to $151,164 on jan.
On april 23, 2024, the department of labor (dol) issued the highly anticipated final rule to substantially change the minimum salary threshold and highly. Under the flsa, there is another exemption.
For Example, An Employee Is Generally Highly Compensated In 2025 If Their 2024 Compensation Exceeds $155,000.
The annual salary threshold for the hce exemption will increase from $107,432 to $132,964 on july 1, 2024, and to $151,164 on jan.
The Rule Will Also Increase The Total Annual Compensation Requirement For Highly Compensated Employees (Who Are Not Entitled To Overtime Pay Under The Flsa If.
In April 2024, The Department Issued A Final Rule Increasing The Standard Salary Level For Exemption, And The Total Annual Compensation Requirement For Highly Compensated.
Under the flsa, there is another exemption.
The 401 (K) Contribution Limit In 2023,.
This fact sheet provides information on the exemption from minimum wage and overtime pay provided by section 13(a)(1) of the flsa as it applies to highly compensated employees as defined in 29 c.f.r.