This is a can't-miss session for HR managers and professionals seeking to stay ahead in compliance and workforce management. Key Objectives: Clarify the Updated Salary Thresholds: Explain the new minimum salary requirements for exempt employees and how these adjustments affect different sectors. ...
Statewide Minimum Wage 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....
Effective January 1, 2007, state minimum wage and the minimum salary to be paid to certain exempt employees will be increased. Minimum wage increases to $7.15, while minimum wage for customarily tipped food service workers increases to $4.60. Furthermore, minimum salary for exempt administrative...
On October 21, 2021, Governor Hochul signed legislation focused on ensuring retirement plan security for New York private sector employees. Effective immediately, the recently enacted New York Secure Choice Savings Program Law (NYS Savings Program) requires New York employers to automatically enroll th...
The DOL overtime rule, had it not been ruled invalid, would have meant changes to your employees’ classification. For example, employees who were recently considered exempt may have become newly nonexempt. Now, the July 1 increases to the salary threshold are void. Minimums have reverted to...
Minimum Wage Increases:As of Jan. 1, 2023, the California state minimum wage will increase to $15.50 for all employers, regardless of employee headcount. This also means that as of Jan. 1, 2023, exempt employees in California must be paid a minimum annual salary of $64,480. ...
Employers should also remember that the state minimum wage affects the minimum salary for many exempt employees under California law. To satisfy the administrative, executive, and professional exemptions, California employers must pay exempt employees a salary that is...
While companies won’t see an increase in the minimum salary threshold for exempt employees this year, they need to prepare for a 14% increase one year from now, and a nearly 28% increase by October 2022. Currently, to qualify for the overtime exemption in Pennsylvania, executive, ...
Effective October 3, 2020, the Pennsylvania Department of Labor & Industry (L&I) has updated Pennsylvania’s overtime rules to increase the salary threshold for qualifying under the Pennsylvania Minimum Wage Act (PMWA) as an exempt executive, administrative, and professional employee. The rule ...
The regulations prohibit employers to pay bonuses or shift premiums to nonexempt workers who have agreed to receive pay in fixed weekly payments instead of an hourly salary. Also, the regulations have updated the statutorily permitted subminimum wage of no less than 4.25 dollars per hour for ...