Salary Exempt Minimum Wage 2024 Washington. California minimum wage 2024 salary exempt. In 2023, small employers (one to no more than fifty employees) must pay exempt employees 1.75 times the minimum wage, meaning that exempt employees of small employers must earn at least $1,101.80 per week ($57,293.60 per year) to meet the minimum salary requirement to be exempt from overtime requirements.
Raise their salaries to the new requirement; For a helpful chart, see l&iโs salary implementation threshold schedule.
Washington Employers Will Have To Adhere To The State Thresholds In 2024 Since They Are More Favorable When Compared To The Federal Threshold.
2024 washington employment law updates to minimum wage, exempt, the washington state labor and industries (l&i) announced the minimum salary an employee must earn to be exempt from overtime.
The Flsa's Minimum Salary Requirement Is Set To Remain The Same To Start 2024, But The United States Department Of Labor (Dol) Has Published A Proposed Rule That Would Increase The Minimum Salary Requirement Sometime In 2024 (See Below).
Effective january 1, 2023, employees must earn $65,478.40 annually ($5,456.55 monthly) to be exempt from overtime, regardless of duties and responsibilities.
The July 1 Increase Updates The Present Annual Salary Threshold Of $35,568 Based On The Methodology Used By The Prior Administration In The 2019 Overtime Rule Update.
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Employer With Exempt Computer Professionals.
Large employers with 51 or more employees must pay exempt employees a weekly salary of at least $1,259.20 per week.
2024 Washington Employment Law Updates To Minimum Wage,.