Earnings thresholds for the Executive, Administrative, and …

On April 26, 2024, the U.S. Department of Labor (Department) published a final rule, Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and …

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FLSA Salary Minimum Will Not Increase On January 1, 2025

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Nov 25, 2024 · The second increase was to go into effect on January 1, 2025, increasing the salary minimum to $1,128 per week ($58,656 per year). The new rule also increased the …

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The Department Of Labor Releases Final Rule Increasing Salary …

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Jun 7, 2024 · Under this same rule, the annual compensation threshold for the highly compensated employee exemption will increase to $132,964 on July 1, 2024, and then again …

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Salary Thresholds For FLSA Exemptions Increase Again On January …

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Nov 14, 2024 · Pursuant to this rule, the salary threshold required to qualify for one of the white collar exemptions will increase from $844 weekly ($43,888 annually) to $1,128 weekly …

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DOL Dramatically Increases Salary Threshold For Exempt …

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Jun 25, 2024 · On January 1, 2025, the minimum weekly salary increases again to $1,128, or $58,656 a year. Under the final rule, the minimum weekly salary will be increased every three …

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DOL’s New Rule Increases Salary Threshold For FLSA Overtime …

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Apr 24, 2024 · This will take effect July 1, 2024. On January 1, 2025, the annual salary threshold for the HCE exemption increases to $151,164. Again, this means that employees earning less …

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PELRAS Update | October 2024 - Recommendations For Employer …

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Oct 4, 2024 · The base salary threshold for these exempt employees will increase again on January 1, 2025, to $58,656. Three lawsuits have been filed challenging the final rule; …

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FLSA Minimum Salary Increases – Again, Already?

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Oct 28, 2024 · That means that to maintain the overtime exemption, employers must increase the minimum salary to at least $58,656.00 per year (an increase of almost $15,000 from the …

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FAQs about Earnings thresholds for the Executive, Administrative, and … Coupon?

What are the new FLSA salary and compensation thresholds?

Revised Salary and Compensation Thresholds The new rule provides for three main changes to the FLSA exempt rules: The new rule increases the salary for white collar exempt employees from $684 per week to $844 per week effective July 1, 2024, and $1,128 per week effective January 1, 2025; ...

Will the FLSA minimum salary threshold increase in 2025?

Assuming employers have already weathered the July 2024 storm caused by the increases in the FLSA minimum salary threshold at that time, the minimum salary threshold for most employees classified as exempt under the administrative, professional, or executive exemptions will substantially increase on January 1, 2025. ...

Will the DOL set salary thresholds for FLSA overtime exemptions?

The recent Mayfield v. Department of Labor decision from the Fifth Circuit has affirmed the DOL’s authority to set salary thresholds for FLSA overtime exemptions. This ruling comes ahead of the scheduled salary threshold increase in January 2025, which will raise the weekly salary requirement for exempt employees from $844 to $1,128. ...

How can the FLSA increase the salary threshold?

(1) significantly increasing the minimum salary needed to qualify for FLSA "white-collar" exemptions; (2) increasing the total annual compensation requirement to qualify for the "highly compensated employee" exemption; and (3) implementing periodic automatic increases in the salary thresholds. ...

What is the FLSA HCE exemption?

Further, the rule increases the earnings threshold for the FLSA’s highly compensated employee exemption (“HCE exemption”) from $107,432 per year to $132,964 per year. This will take effect July 1, 2024. On January 1, 2025, the annual salary threshold for the HCE exemption increases to $151,164. ...

How much does the FLSA pay a high compensated employee?

The DOL’s changes to the FLSA minimum salary thresholds also increased for the “highly compensated employee” exemption (HCE). Earlier this year, on July 1, the annual total compensation requirement for the HCE exemption rose to $132,964/year (up from $107,432/year), and on January 1, 2025, will further increase to $151,164/year. ...