Salary Exempt Minimum Wage 2024

Salary Exempt Minimum Wage 2024

Salary Exempt Minimum Wage 2024. Starting july 1, 2024, the minimum salary requirement will rise to $844 per week, which equates to $43,888 annually. Salary threshold for overtime exemption.


Salary Exempt Minimum Wage 2024

On august 30, 2023, the dol published a proposed rule that, if it’s finalized, will increase the minimum exempt salary sometime in 2024. Effective july 1, 2024, the salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on jan.

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