Hilda Larissa

Highly Compensated Employee 2024 Flsa. The current salary threshold for highly compensated (hc) positions is $107,432 per year, with at least $684 paid per week on a salary or fee basis. 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.

The final rule will increase the standard salary level and the highly compensated employee total annual compensation threshold on the rule’s effective date. First, the employee must be paid a total annual compensation of at least $132,964 as of july 1, which includes at least $844 per week on a salary basis.