Flsa Exempt Salary Threshold 2024

Flsa Exempt Salary Threshold 2024. 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. 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,.

The employee must receive the minimum weekly salary threshold amount in order to pass the salary test. Starting on july 1, 2024, employees must earn at least $844 per week ($43,888 annually) in order to qualify under the flsa’s exemption for executive,.