Salaried Employees May be Entitled to a Raise as of July 1

The Department of Labor recently increased the salary threshold for exempt employees. The current salary threshold is $684 per week ($35,568 annual). On July 1, 2024, that will increase to $844 per week, which is the equivalent of an annual salary of $43,888, for a raise of $8,320. Effective January 1, 2025, the threshold will […]

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