Dol Exempt Salary Threshold Changes 2024. Department of labor (dol) finalized a rule on april 23, 2024, setting the standard salary level for the. On april 23, 2024, the u.s.
To keep up with changes in worker pay, salary and compensation thresholds will now be automatically adjusted every three years. The dol has not yet issued a final rule, though it is expected sometime in 2024.
The July 1 Increase Updates The Present Annual Salary Threshold Of $35,568 Based On The Methodology Used.
On april 23, 2024, the u.s.
Department Of Labor (Dol) Issued A Final Rule Raising The Salary Threshold That Must Be Met For Employees To Be Classified As Exempt.
That marks a 23% increase over the.
Starting July 1, The Threshold Will Increase From $35,568 To $43,888 Per Year.
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Department Of Labor (โDolโ) Published The Final Version Of A Rule Originally Proposed In September 2023, Raising The Salary.
The minimum salary threshold for the white collar exemptions will increase significantly, from $684 per week ($35,568 per year) to.
The July 1 Increase Updates The Present Annual Salary Threshold Of $35,568 Based On The Methodology Used.
Assuming the dol follows a similar timeline as it did while enacting a final rule in.