The United States Department of Labor issued a final rule on April 23, 2024 that increases the minimum salary threshold for the FLSA’s familiar white-collar overtime exemptions. Effective, July 1, 2024, the salary threshold for exempt workers increased from the previous rate of $684 per week (i.e., $35,568 annually) to $844 per week (i.e., $43,888 annually). The changes don’t end there. Under the DOL’s final rule, the salary threshold will again increase on January 1, 2025, up to $1,128 per week (i.e., $58,656 annually). The rule also provides for automatic increases every three years based on up-to-date wage data. READ MORE