As a reminder, the Department of Labor’s (“DOL”) final rule increasing the salary threshold for exempt employees will take effect July 1, 2024.

To be an exempt employee, an employee must meet certain tests regarding their job duties and generally must be paid on a salary basis at least the amount specified in DOL regulations. Effective July 1, 2024, the salary threshold will increase from $35,568 to the equivalent of an annual salary of $43,888, or $844 per week.

Employers should consider reviewing those employees who are currently classified as exempt and determine if this change in the salary threshold will affect any of them.

This article summarizes aspects of the law and does not constitute legal advice. For legal advice for your situation, you should contact an attorney.