Highly Compensated Employee Exemption 2024

Highly Compensated Employee Exemption 2024. § 541.601(a), highly compensated employees can be exempt from its overtime requirements if the following requirements are met: This fact sheet provides information on the exemption from minimum wage and overtime pay provided by.


Highly Compensated Employee Exemption 2024

With respect to the highly compensated employees exemption, beginning july 1, 2024, the final rule will raise the annual compensation threshold from $107,432 to $132,964 per year. Earn not less than $455 per week (beginning december 1, 2016, employers will be required to.

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