July 1 2024 Flsa Salary Exemption. The department’s final rule, which will go into effect on july 1, 2024, will increase the standard salary level that helps define and delimit which salaried workers. 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.
The highly compensated exemption (hce) total annual compensation level will increase from its current $107,432 per year to: On july 1, most salaried workers earning less than $844 per week will become eligible for overtime pay.