Flsa Minimum Salary 2024 Poster. The final rule will increase the standard salary level and the highly compensated employee total annual compensation threshold on the rule’s effective date. Employers must now decide whether or not to raise the salary of those employees whose weekly rate falls below the new threshold effective july 1, 2024, and.

Salary is increased to $844 per week effective july 1, 2024, and $1,128 per week. The department’s regulations require executive, administrative, and professional (eap) employees to be paid at least a minimum salary amount to be exempt from the fair.