Highly Compensated Employee 2024 Flsack

Highly Compensated Employee 2024 Flsack. The 2024 rule, effective july 1, raised the. There will be an initial update to the annual earnings threshold for highly compensated employees to $132,964 per year on july 1, 2024, followed by an increase.


Highly Compensated Employee 2024 Flsack

A recent final rule that will significantly increase the fair labor standards act’s (flsa’s) annual salary thresholds for the highly compensated employee (hce). In april 2024, the department issued a final rule increasing the standard salary level for exemption, and the total annual compensation requirement for highly compensated employees, as detailed below.

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