Minimum Salary For Exempt Employees 2024. Department of labor issued final regulations updating the minimum salary threshold for employees to be considered exempt from overtime. Effective july 1, 2024, the salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on jan.
The final threshold will increase again on january 1, 2025, to a minimum salary of $1,128 per week ($58,656 per annum). Effective july 1, 2024, the salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on jan.
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