Dol Highly Compensated Employee 2024. Under the new rule, the total annual compensation requirement for hces will increase from $107,432 per year to $132,964 per year on july 1 and will rise to $151,164 per year on jan. In april 2024, the department issued a final rule increasing the standard salary level for exemption, and the total annual compensation requirement for highly compensated employees, as detailed below.
The rule will also increase the total annual compensation requirement for highly compensated employees (who are not entitled to overtime pay under the flsa if. The rule will also increase the total annual compensation requirement for highly compensated employees (who are not entitled to overtime pay under the flsa if certain requirements are met) from $107,432 per year to $132,964 per year on july 1, 2024, and then set it equal to $151,164 per year on jan.