California’s minimum wage for all employers regardless of size increased to $15.50 per hour. Exempt Employee Minimum Salaries The minimum salary threshold for exempt employees increased to $1,240 per week ($64,480 per year) for employers regardless of their employee count. The minimum hourly ra...
First Factor – Salary ThresholdThe salary threshold in California is two times the state minimum wage. For 2024 this is $16.00 per hour X 2,080 hours/year X 2 = $66,560. This means that any California employee earning less than $66,560 per year cannot be considered an exempt employee...
Proposition 32 did not pass in California, meaning that effective Jan. 1, 2025, the state minimum wage will increase to $16.50 per hour for both small and large California employers. This also means that the new state salary basis threshold for most California exemptions will increa...
December 4, 2024 CategoriesLegal & Finance Delaware Minimum Wage: 2025 Guide Cat Symonds December 3, 2024 Focus less on processes and more on people Connect time, talent, and finance processes in one platform. Automate admin tasks to save time and money. ...
The calculation will increase the minimum wage by 3.5% or the rate of change in the averages for the U.S. Consumer Price Index for Urban Wage Earners and Clerical Workers, whichever is lower. Even The New Residents Might Be Entitled To A Salary Increase Notably, the minimum wage ...
the minimum salary threshold for exempt status (this will be $3,640 per month in 2017). Employers who have union contracts with internal overtime provisions should confirm that employees under the union contracts are paid at least $13.65 per hour (130 percent of the new state minimum wage)...
If an exempt worker’s salary is below the required threshold, they lose their exemption. As non-exempt workers, they become entitled to receive at least the state’s minimum wage. They also become entitled to other legal protections, like overtime regulations and break periods. What can I ...
While it is true that exempt workers are not covered under minimum wage protections, their exempt status hinges on their salary being well above the minimum wage. Their monthly salary must be at least twice the minimum wage. If the exempt employee's salary is below that required threshold, ...