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 what they were before July 1. Read on for the scoop What is this all about? The Fair Labor Standards Act (...
On Tuesday, the Labor Department issued a rule that would guarantee overtime pay for more lower-paid workers. The rule would increase the required minimum salary level to exempt an employee from overtime pay, from about $35,600 currently to nearly $43,900 effective July 1 and $58,700 by...
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. ...
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...
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. ...
Recall that the salary threshold is just one prong of the overtime exemption. Under both Pennsylvania’s new rules and the federal FLSA, exempt employees must meet the minimum salary threshold as well as perform the duties outlined in the duties test. It bears repeating from previous alerts –...
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...
Salary and duties test under FLSA for exempt employees. The value of the job description and its proper preparation Consideration of record keeping, accounting & reporting, policies & procedures. Proper payment to newly classified exempt and those that by default fall to the non-exempt...
Currently, an HCE is exempt from overtime if they earn $107,432/year or more. The new rule will increase the minimum salary threshold as follows: On these dates, HCE employees paid below these salaries will be eligible for overtime. How Will This Change Impact Non-Profits? Unfortunately, ...
2024. The U.S. Department of Labor has issued a new “Final Rule” regulation that will impact minimum salary requirements for employees, including those in municipal positions, to maintain their status under what is commonly called the “white collar” exemptions from the minimum wage and over...