Flsa Highly Compensated 2024. The final rule updates and revises the regulations issued under section 13(a)(1) of the fair labor standards act implementing the exemption from minimum wage and overtime pay requirements for. Department of labor’s (“dol’s”) final rule on salary minimums for exempt employees (the “overtime rule”) under the fair labor standards act (“flsa”) has come into effect.

The update significantly increases the salary level needed to qualify as exempt under the flsa’s white collar and highly compensated exemptions and calls for. Effective january 1, 2025, the final rule increases the minimum salary required for these exemptions to $1,128 per week.