Watch
less than a minute
May 8, 2024
less than a minute
On April 23, 2024 the Department of Labor announced a final rule that significantly increased the salary thresholds required to qualify for the Executive, Administrative, and Professional (“EAP”) and Highly-Compensated Employee (“HCE”) exemptions under the Fair Labor Standards Act (“FLSA”). Both thresholds will phase in over the next several months, with the EAP threshold increasing to $844 per week ($43,888 annually) effective July 1, 2024, followed by an increase to $1,128 per week ($58,656 annually) on January 1, 2025. Similarly, the HCE threshold will increase to $132,964 as of July 1, 2024, and $151,164 as of January 1, 2025.
This webinar will cover:
- The DOL’s increase to the salary thresholds for employees to be exempt under the EAP and HCE exemptions of the FLSA.
- The newly created mechanism to automatically update the thresholds every three years.
- Steps employers can take to prepare for the upcoming deadlines.
- The odds of a successful legal challenge.
Click here to view a recording of the webinar
