New Minimum Salary For Exempt Employees 2024

New Minimum Salary For Exempt Employees 2024. Total income as per proposed new regime. As of january 1, 2024, the following minimum salaries must be paid for exempt administrative and executive employees:

The first increase under this rule went into effect on july 1, 2024, increasing the minimum salary for the executive, administrative, and professional exemptions to. Specifically, the new dol rule increases the minimum salary for exempt employees from $684 per week ($35,568 annually) to $1,059 per week ($55,068 annually).