What Is A Highly Compensated Employee 2024 Salary. An hce can be defined as an employee who owned more than 5% of the company at any time during the year (or the year before). On april 23, 2024, the department of labor (dol) issued the highly anticipated final rule to substantially change the minimum salary threshold and highly.

This fact sheet provides information on the exemption from minimum wage and overtime pay provided by section 13 (a) (1) of the flsa as it applies to highly compensated. Employers can also designate the top 20% of earners in the company as hces, as long as these employees meet.