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United States Department of Labor 2024 Final Rules for Salaried Exempt Employees
June 26, 2024
Categories: #hh, Exempt, Payroll
Individuals paid a salary who perform executive, administrative, professional or outside sales duties and certain computer employees are exempt from the rules for overtime pay if they meet certain conditions. One those conditions is an annual salary above a level set by the Department of Labor. Beginning July 1, 2024, in order to be exempt from the payment of overtime, the minimum salary must be at least $844 per week ($43,888 per year). Beginning January 1, 2025 the weekly minimum