Exempt Salary Threshold 2024

Exempt Salary Threshold 2024. In april 2024, the department issued a final rule increasing the standard salary level for exemption, and the total annual compensation requirement for highly compensated. To qualify for exemption, employees generally must be paid at not less than $684 * per week on a salary basis.

As of july 1, 2024, the minimum salary threshold for an employee to be considered ‘exempt’ is $844 per week ($43,888 per year). Salary threshold for exempt employees (2022) along with the increase to the minimum wage, the amounts that employers can.