Dol Overtime Threshold In 2024
Standard salary threshold will increase starting july 1, 2024, to $844 per week ($43,888 per year) and will increase. The rule adopted in april would require employers to pay overtime premiums to salaried workers who earn less than $1,128 per week, or about $58,600 per year,.
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. Prevent a future erosion of overtime protections and ensure greater predictability.