Salary Exempt Minimum Wage 2024. Employees are exempt from the fair labor standards act’s minimum wage and overtime protections if they are employed in a bona fide executive, administrative, or professional capacity, as those terms are. Starting july 1, 2024, the minimum salary requirement will rise to $844 per week, which equates to $43,888 annually.
Employers within the upper new york conference, regardless of. Department of labor (“dol”) released a new final rule that significantly increases the minimum salary threshold to qualify for the executive,.