Flsa Exempt Salary Threshold 2024
Flsa Exempt Salary Threshold 2024. Effective january 1, 2025, the final rule increases the minimum salary. The final rule is introducing a mechanism to regularly update the salary and compensation thresholds, including an initial update to reflect earnings growth, which on july 1, 2024, will.
This will take effect july 1, 2024. 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, professional and.