New Exempt Salary Threshold 2024. The new threshold means employees need to earn $55,068 or more per year to be exempt from overtime. Under this new ruling, the salary threshold for exempt employees—those not entitled to overtime pay—will rise from an annual salary of $35,568 ($684 per week) to.

The new rule increases the salary for white collar exempt employees from $684 per week to $844 per week effective july 1, 2024, and $1,128 per week effective. The salary threshold will increase to $43,888 per.