Highly Compensated Employee Threshold 2024. The minimum salary and total annual compensation levels will then increase to $1,128 per week and $151,164 per year, respectively, effective january 1, 2025, and. Highly compensated employee salary threshold.
$844 per week ($43,888) annually. The salary thresholds required for exempt status will increase from $35,568 to $43,888 starting on july 1, 2024, and to $58,656 starting on january 1, 2025.
(For 2023, Those Numbers Are $22,500 And $30,000.
To qualify for the highly compensated employee exemption, an employee must be paid a total annual compensation of at least $132,964 (effective july 1, 2024).
Meanwhile, The Annual Compensation Threshold For The Highly Compensated Employee Exemption Will Increase To $132,964 On July 1, 2024, And Then Again To.
Highly compensated employee salary threshold.
If The Employee Has A Lower Salary, They Cannot Be Exempt Under Flsa White Collar Exemptions.
Images References :
Increasing The Total Annual Compensation Requirement For The Highly Compensated.
The threshold for determining who is a highly compensated employee under section 414 (q) (1) (b) increases to $155,000 (from $150,000).
On April 23, 2024, The Dol Announced A Final Rule To Increase The Standard Salary Level For The Eap Exemptions And The Total Annual Compensation Threshold For The Hce.
Highly compensated employee total annual compensation threshold;
$1,128 Per Week ($58,656 Annually) $151,164 Annually.