Highly Compensated Employee 2024 California. The salary threshold for exempt employees under the “highly compensated” exemption also increases. Starting on july 1, 2024, employees must earn at least $844 per week ($43,888 annually) in order to qualify under the flsa’s exemption for executive,.
The regulations contain a special rule for “highly compensated” employees who are paid total annual compensation of $107,432 or more. The dol’s new overtime rule will be published on april 26,.