Highly Compensated Employee Threshold 2024 . The final rule will increase the standard salary level and the highly compensated employee total annual compensation threshold on the rule’s effective date on july 1, 2024, and on january 1, 2025, when changes in the methodologies used to. Starting july 1, 2024, employers must satisfy a higher salary threshold in order to consider employees as exempt from fair labor standards act overtime rules.
The threshold for determining who is a highly compensated employee under section 414(q)(1)(b) increases to $155,000 (from $150,000). Employees also may be highly compensated based.
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