Flsa New Salary Threshold 2024 Schedule. Department of labor (dol) has released a new rule updating the fair labor standards act (flsa) overtime regulations, set to take effect in july 2024. The final rule increases the salary threshold required to exempt a bona fide executive, administrative, or professional employee from federal overtime requirements.
Department of labor (“dol”) released a new final rule that significantly increases the minimum salary threshold to qualify for the executive,. The july 1 increase updates the present annual salary threshold of $35,568 based on the methodology used by the prior administration in the 2019 overtime rule update.
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