Highly Compensated Employee Exemption 2024

Highly Compensated Employee Exemption 2024. To qualify for the highly compensated employee exemption, an employee must: To qualify for that exemption, the employee must (1) be paid total annual compensation in excess of a set salary threshold (currently us$107,432), which includes at.

With respect to the highly compensated employees exemption, beginning july 1, 2024, the final rule will raise the annual compensation threshold from $107,432 to $132,964. Starting july 1, 2024, the final rule sets the standard salary level for executive, administrative and professional exempt employees under the flsa at $844 per week.