FLSA minimum salary changes for exempt employees

From: Human Resources

On April 23, 2024, the Department of Labor (DOL) issued a final rule to alter the overtime pay regulations under the Fair Labor Standards Act (FLSA). 

The rule increases the minimum salary threshold for most exempt (not eligible for overtime) employees to $43,888 on July 1, 2024, and then to $58,656 on Jan. 1, 2025. The rule also implements automatic updates to the minimum salary threshold that will occur every three years beginning in 2027.

Once this legislation is implemented, employees with annual salaries below the threshold may become eligible for overtime. The Division of Human Resources (HR) has met with HR partners in colleges and departments to address employees whose salaries fall below the $43,888 threshold that will be implemented on July 1. Any employees impacted by this change will receive communication from their department. 

Additionally, HR is continuing to monitor and plan for the threshold increase to $58,656 on Jan. 1, 2025, and is working with campus HR partners to review the positions that fall under this threshold.

Visit the FLSA pages on the HR site for more information on these changes.  

HR will keep the university community informed of any impacts or changes to employees.

If you have questions about this change, contact your college or department HR representative.