Highly Compensated Employee 2024 Exemption. Who is considered a highly compensated employee? The annual salary threshold for the hce exemption will increase from $107,432 to $132,964 on july 1, 2024, and to $151,164 on jan.


Highly Compensated Employee 2024 Exemption

The final rule is introducing a mechanism to regularly update the salary and compensation thresholds, including an initial update to reflect earnings growth, which on july 1, 2024,. Thus, a highly compensated employee will qualify for exemption if the employee customarily and regularly performs any one or more of the exempt duties or.

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