State Minimum Salary For Exempt Employees 2024. Exempt workers in california, meanwhile, must be paid a salary. Illinois follows the federal minimum salary threshold established by the fair labor standards act (flsa) for exempt employees.
The current exempt minimum salary sits at $64,480 per year. There is no change to the federal minimum salaries for exempt employees.
The New York State Labor Department Approved New Minimum Salary Thresholds For Exempt Executive And Administrative Workers For The Next Three Years.
In accordance with washington state’s salary threshold implementation schedule, the salary threshold for overtime exempt workers is twice the annual minimum.
Employers Should Adjust Their Minimum Exempt Salary To $58,458.40 Annually ($1,124.20 Weekly).
Department of labor (dol) has issued its final rule to increase the minimum salary requirements for the “white collar” exemptions (executive, administrative, and.
Department Of Labor (Department) Announced A Final Rule, Defining And Delimiting The Exemptions For Executive, Administrative, Professional,.
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The New Proposed Rule Raised The Minimum Salary Floor To $55,068 Per Year ($1,059 Per Week) For Employees Classified As Exempt Effective July 1, 2024.
The minimum salary required to be paid to an eap employee for that employee to be exempt from the flsa overtime requirements would be $1,059 per week ($55,068.
Exempt Employees (Administrative, Executive, And Professional) Must Earn At Least Two Times The State’s Minimum Wage (Times 2080 Hours/Year).
With the state salary thresholds for exempt employees now a multiplier of the state minimum wage, one of the thresholds.