The Department of Labor has announced finalized rules regarding the salary threshold for exempt employees, effective July 1, 2024. The annual threshold will increase from $35,568 to $43,888, and further to $58,656 effective January 1, 2025, marking a cumulative increase of 64.9%.
Please also refer to information from the College and University Professional Association for Human Resources (CUPA-HR) at their website linked here.
NACAS will continue to follow this topic. We will work with the membership to track and share how auxiliary professionals are planning to address the impact of these changes to the FLSA overtime rules. Share your thoughts and concerns about this important regulatory issue below.
Rich Steele
NACAS : 08/31/21
