These salary requirements do not apply to outside sales employees, teachers, and employees practicing law or medicine. Today, an employee must earn at least $684 per week (about $35,568 per year) to be exempt.
As a result of the new minimum wage, the state has proposed increasing the minimum salary requirement for the executive and administrative exemptions to $1,200 per week on january 1, 2024 in new york city and nassau, suffolk, and westchester counties. After receiving thousands of comments, the dol’s final rule increases the salary level threshold in two steps:
On April 23, 2024, The U.s.
As summer looms near, employers of salaried workers would be wise to prepare for anticipated increases to the salary basis threshold for certain categories of exempt employees under the fair labor standards act (flsa).
1, 2025, That Salary Threshold Would Increase To $58,656 Per.
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 are entitled to overtime pay protections under the flsa.
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The New York State Labor Department Approved New Minimum Salary Thresholds For Exempt Executive And Administrative Workers For The Next Three Years.
2024 exempt status salary threshold by city and state.
The Final Rule Increases The Salary Threshold Required To Exempt A Bona Fide Executive, Administrative, Or Professional Employee From Federal Overtime Requirements.
The list includes some special districts in states but does not include all of said districts.