Flsa Highly Compensated 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. On april 23, 2024, the u.s.
Under this same rule, the annual compensation threshold for the highly compensated employee exemption will increase to $132,964 on july 1, 2024, and then. An employee may qualify as a highly compensated executive employee, for example, if the employee customarily and regularly directs the work of two or more other employees,.