Exempt Salary Threshold 2024 California. The current exempt minimum salary sits at $64,480 per year. As of january 1, 2024, employees in california must earn an annual salary of no less than $66,560 to meet this threshold requirement.
In 2023, the minimum salary for exempt employees in california is $64,480.00 per year. The dol’s final rule will raise the minimum weekly salary for the flsa’s eap exemption to $844 per week, equivalent to $43,888 per year, on july 1, 2024, and then increase again to $1,128 per.
Starting January 1, 2024, California Employers Must Pay Their Computer Professional Employees A Salary Of At Least $115,763.35 Annually ($9,646.96 Monthly) Or An Hourly Wage Of $55.58 For Every Hour Worked In Order To Qualify For The California Computer Professional Exemption.
Effective january 1, 2024, the minimum wage is $16.00 per hour for all employers.
The New Overtime Salary Threshold Of 2024.
The salary threshold for the flsa’s overtime exemption would have increased to $47,476 from $23,660 on dec.
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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Department Of Labor (Dol) Issued A Final Rule Raising The Salary Threshold That Must Be Met For Employees To Be Classified As Exempt From Overtime Requirements Imposed By The Fair Labor Standards Act (Flsa).
Effective january 1, 2024, the minimum wage is $16.00 per hour for all employers.
All Businesses, Regardless Of Size, Must Also Comply With This Threshold Requirement.
Starting july 1, 2024, employers must satisfy a higher salary threshold in order to consider employees as exempt from fair labor standards act overtime rules.
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.