Flsa Minimum Salary 2024 Poster 2024. The 2024 rule, effective july 1, raised the minimum salary for the eap exemption to $844 per week ($43,888 annually), with another increase set to take effect. On november 3, 2020, florida voters approved a constitutional amendment to gradually increase the state's minimum wage each year until reaching $15.00 per hour in.
The flsa’s minimum salary requirement is set to remain the same to start 2024, but the united states department of labor (dol) has published a proposed rule that would increase the minimum salary. 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.