Compensated Employee 2024 Flsa. This fact sheet provides information on the exemption from minimum wage and overtime pay provided by section 13 (a) (1) of the flsa as it applies to highly compensated employees as defined in 29 c.f.r. Highly compensated employee exemption the position must be paid a total annual compensation of at least $132,964 (effective july 1, 2024) and then $151,164.
Have a total annual compensation of at least $100,000; The final rule will increase the standard salary level and the highly compensated employee total annual compensation threshold on the ruleโs effective date.
