$684 per week (equivalent to $35,568 per year) $107,432 per year, including at least. The current salary threshold for exempt status for executive, administrative, and professional (eap) positions is $684.
$684 per week (equivalent to $35,568 per year) $107,432 per year, including at least. The current salary threshold for exempt status for executive, administrative, and professional (eap) positions is $684.
The 2024 Dol Rule Raises The Minimum Weekly Salary For The Eap Exemption From $684 Per Week To $844 Per Week, Or The Equivalent Salary Of $43,888 Per Year, On.
Beginning july 1, 2024, the threshold will increase to $844 per week (equivalent to $43,888 per year).
Department Of Labor (Dol) Has Issued A Final Rule That Significantly Raises The Required Salary Threshold For Many Salaried Exempt Employees Starting July.
Increase the minimum weekly salary to $844 per week, equivalent to $43,888 per year, on july 1, 2024 (calculations based on the 2019 methodology).
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The Current Salary Threshold For Exempt Status For Executive, Administrative, And Professional (Eap) Positions Is $684.
The rule also establishes automatic increases in the salary threshold every three years to reflect wage growth.
The Proposal Sought To Increase The Threshold From Its Current Level Of $35,568 Annually To $60,209 — A Nearly 70% Increase.
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.