Flsa Minimum Salary For Exempt Employees 2024. Department of labor (“dol”) released a new final rule that significantly increases the minimum salary threshold to qualify for the executive,. However, section 13(a)(1) of the flsa provides an exemption from both minimum wage and overtime pay for employees employed as bona fide executive, administrative,.

The final rule, which took effect on july 1, 2024, provides that in order for an employee in one of these categories to be considered exempt from the overtime and. Increase the minimum weekly salary to $844 per week, equivalent to.