Dol Highly Compensated Employee 2024. 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 department of labor’s (dol’s) new rule raises the rate first to $844 a week ($43,888 annualized), then to $1,128 (or $58,656 a year).
Effective july 1, 2024, the total annual compensation requirement for highly compensated employees will be $132,964. A highly compensated employee is deemed exempt under section 13 (a) (1) if: