Highly Compensated Employee 2024 Exemption

Highly Compensated Employee 2024 Exemption. Effective july 1, 2024, the total annual compensation. On 23 april 2024, the us department of labor (dol) announced a final rule raising the minimum salary and annual compensation thresholds to qualify for the executive,.


Highly Compensated Employee 2024 Exemption

The final rule also increases the earnings threshold for the highly compensated employee exemption in two phases. Under the federal fair labor standards act (flsa), employees generally must be paid an overtime premium of 1.5 times their regular rate of pay for all hours.

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