New Exempt Salary Threshold 2024 Dol. In april 2024, the department issued a final rule increasing the standard salary level for exemption, and the total annual compensation requirement for highly compensated. The new york state labor department approved new minimum salary thresholds for exempt executive and administrative workers for the next three years.

Effective july 1, 2024, however, the salary threshold became $844 per week ($43,888 per year), and on january 1, 2025, it will once again rise to $1,128 per week. The department’s final rule, which will go into effect on july 1, 2024, will increase the standard salary level that helps define and delimit which salaried workers.