Flsa Minimum Wage 2024. Effective july 1, 2024, the salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on jan. 5 the minimum wage for seasonal and small employers who employ fewer than 6 people in new jersey is $13.73 per hour.

The 2024 dol rule raised the minimum weekly salary to qualify for the eap exemption from $684 per week to $844 per week, or the equivalent salary of $43,888. On april 23, 2024, the department of labor (dol) announced its anticipated final rule increasing the minimum salary threshold for exemption to the fair labor.