Flsa Minimum Salary 2024 Exempt. 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 labor standards act’s minimum wage and overtime requirements under section 13(a)(1). Some workers are specifically exempt from the flsa’s minimum wage and overtime protections, including bona fide executive, administrative or professional employees.
Highly compensated employees who receive total annual compensation of at least $132,964 effective july 1, 2024, and at least $151,164 effective jan. On april 23, 2024, the u.s.