Minimum Salary For Non Exempt Employees 2024. New york recently raised the minimum salary basis thresholds for executive and administrative employees in order to satisfy the exemption from overtime. With the upcoming changes, it is important to update policies and pay practices to stay in compliance.

Currently, employees classified as exempt under the eap exemptions must be paid at least $844 per week (or $43,888 per year), a 23% increase from the previous $684 per week (or $35,568 per year) threshold. Starting july 1, 2024, employers must satisfy a higher salary threshold in order to consider employees as exempt from fair labor standards act (flsa) overtime rules.