Salary Threshold For Exempt 2024 Washington. Salary threshold for exempt employees. The 2024 salary threshold level for 2024 is the same for small and large employers and is set at $1,302.40 per week (or $67,724.80 annually).
The rule will raise the threshold to $844 per week and the equivalent of $43,888 per year on july 1, and then to $1,128 per week and the equivalent of $58,656. The flsa’s minimum salary requirement is set to remain the same to start 2024, but the united states department of labor (dol) has published a proposed rule.
The Rule Also Increases The Salary Threshold For The Highly Compensated 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.
Department Of Labor (Dol) Issued A Final Rule Raising The Salary Threshold That Must Be Met For Employees To Be Classified As Exempt.
In accordance with washington state’s salary threshold implementation schedule, the salary threshold for overtime exempt workers is twice the annual minimum.
Changes To The Exempt Salary Thresholds.
Images References :
2024 Exempt Status Salary Threshold By City And State.
However, because the washington standard.
Effective January 1, 2023, Employees Must Earn $65,478.40 Annually ($5,456.55 Monthly) To Be Exempt From Overtime, Regardless Of Duties And.
On july 1, 2024, that will.
The Following Is A Comprehensive List Of The 2024 Exempt Status Salary.
Visa Bulletin 2024 June Calendar. All other countries are current. To receive email as soon as latest visa bulletin is released, please click here. The […]