Exempt Employees: Understanding and Mastering the Changes for 2024 & Beyond

In this topic, we’ll explore the latest updates from the Department of Labor (DOL) on exempt and non-exempt employee. We’ll cover the four main types of exempt workers: executive, administrative, professional, and outside sales. We’ll also review the salary level test, including how bonuses can be used to meet salary requirements, and the salary basis test. Additionally, we’ll discuss what deductions can be made from an exempt employee's salary without violating the salary basis test and risking penalties. Understanding these rules is crucial for correctly classifying and paying exempt and non-exempt employees, ensuring compliance with DOL regulations and avoiding costly mistakes.