Salary Increase 2024 Status. Effective july 1, 2024, the final rule increases the minimum salary required for the flsa's executive, administrative and professional exemptions to $844 per week. Ey future of pay 2024 report.
Macroeconomic factors are going to influence some of the salary planning decisions in companies. Total salary increase budgets are projected to rise by 4.1 percent for 2024, on average, a small step down compared to 2023, but still elevated compared to prepandemic increases in salary budgets (see chart 1).