What Is Considered Highly Compensated For 2024. On april 23, 2024, the dol announced a final rule to increase the standard salary level for the eap exemptions and the total annual compensation threshold for the hce. The increase in the compensation threshold for highly compensated employees — which applies regardless of job duties — mirrors this process by going.
On april 23, 2024, the u.s. 1, 2025, the rule’s new methodology takes effect, resulting in the additional increase.
Who Is A Highly Compensated Employee?
The increase reflects the earnings of the 85th.
According To A Labor Department Faq, The Current $107,432 Annual Threshold.
The threshold for determining who is a highly compensated employee under section 414 (q) (1) (b) increases to $155,000 (from $150,000).
The Threshold For Determining Who’s A Highly Compensated Employee Will Increase To $155,000 (Up From $150,000).
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The Final Rule Updates And Revises The Provisions Of The Fair Labor Standards Act (Flsa) Exempting Executive, Administrative, And Professional Employees From.
On april 23, 2024, the u.s.
The Increase In The Compensation Threshold For Highly Compensated Employees — Which Applies Regardless Of Job Duties — Mirrors This Process By Going.
Who is a highly compensated employee?
According To A Labor Department Faq, The Current $107,432 Annual Threshold.