Salary Exempt Minimum Wage 2024. The new rule will also raise the minimum annual salary threshold for the hce exemption to $132,964 per year starting july 1, 2024, which will also increase automatically on. Department of labor (“dol”) announced a final rule that dramatically increases the minimum salary level that must be paid to most employees classified as exempt in order to retain their.
The new rule will also raise the minimum annual salary threshold for the hce exemption to $132,964 per year starting july 1, 2024, which will also increase automatically on. The minimum salary had been $684 per week, but as we previously reported, the dol raised these exempt workers’ minimum weekly salary to $844 effective july 1, 2024, and.
