The fair labor standards act (flsa) is a federal law administered by the department of labor (dol). For highly compensated employees subject to the flsa, the salary threshold is going up to $132,964 on july 1, 2024, and then up to $151.164.
First, using the old 2019. Businesses must prepare for a final rule that takes effect on july 1, 2024, with a more pronounced change on january 1, 2025.
On April 23, The Department Of Labor (Dol) Issued Its Final Rule To Alter The Overtime Pay Regulations Under The Flsa.
The final rule made the following critical changes to the overtime requirements under the flsa:
The Salary Thresholds Required For Exempt Status Will.
Key changes in the final rule include:
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The New Salary Threshold Will Take Effect In Two Steps.
(i) on july 1, 2024, raising the salary level above which certain employees are exempted from federal overtime pay requirements, from.
On April 23, 2024, The Department Of Labor (Dol) Released A Final Rule That Raises The Salary Thresholds For Certain Overtime Exemptions Under The Federal Fair Labor Standards Act.
On april 24, 2024, the us department of labor (dol) announced the highly anticipated revisions to the salary thresholds for the fair labor standards act’s (flsa’s).
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