Highly Compensated Employee Exemption 2024. With respect to the highly compensated employees exemption, beginning july 1, 2024, the final rule will raise the annual compensation threshold from $107,432 to. The new rule increases the minimum total compensation threshold for highly compensated exempt employees from $107,432 to $132,964 effective july 1, 2024, and.

The final rule covers flsa exemptions from overtime for executive, administrative and professional employees. Under the federal fair labor standards act (flsa), employees generally must be paid an overtime premium of 1.5.