The US Department of Labor has enacted a final rule set to increase the salary thresholds for salary exempt employees on July 1, 2024.
This alert provides information on the new thresholds and their slated implementation dates. For employers wanting to revisit the job duties of their employees and their compensation strategies, this alert also provides information on the executive/administrative/professional exemptions and the highly compensated employee exemptions to the wage requirements of the Fair Labor Standards Act.
