Dol Highly Compensated Employee. On april 23, 2024, the u.s. 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. The final rule also increases the total annual compensation threshold required for an employee to qualify for the flsa’s “highly compensated employee”.