Sep 26, 2019 · On September 24, 2019, the Department of Labor (DOL) issued its long-anticipated final rule regarding the Fair Labor Standards Act (FLSA) overtime exemptions, most notably increasing the standard salary threshold for the so-called “white collar” exemptions from $455 per week to $684 per week ($35,568 per year).
Nov 26, 2019 · Effective January 1, 2020, the salary threshold for exemption from overtime pay will increase from $455 per week to $684 per week, which will be equivalent to $35,568 per year for full-year workers. Under the Fair Labor Standards Act (“FLSA”), employees must be paid overtime for any week in which they work more than 40 hours.
Sep 26, 2019 · New Salary Threshold Announced. On September 24, 2019, the Department of Labor issued its final overtime rule which will increase the minimum salary threshold for overtime exemption from $23,660 per year to $35,568 per year. The new rule will take effect beginning January 1, 2020.
The minimum annual salary is based on the current state minimum wage, calculated as follows: (minimum wage x 2) x 2,080 hours. Effective January 1, 2022, the minimum salary threshold for these exemptions are: Employers with 1-25 employees: $58,240 per year. Employers with 26 or more employees: $62,400 per year.Dec 15, 2021
$1,014.30 per weekBecause the salary threshold for exempt employees in Washington is tied to a multiple of the minimum wage, the exempt salary threshold for all employers, regardless of size, with Washington-based employees in 2022 will increase to $52,743.60 (or $1,014.30 per week).Oct 19, 2021
This includes the new salary threshold of $990 per week ($51,480 when annualized) in effect as of December 31, 2021. A reminder that the professional exemption is not covered by the NYS salary threshold and would therefore defer to the federal FLSA salary threshold, currently $684 per week ($35,568 when annualized).Jan 4, 2022
All businesses (regardless of size) must pay exempt employees a salary of at least $1,014.30 per week ($52,743.60 per year). Although the salary threshold under federal law is only $684 per week, employers in Washington must pay at the higher state level.Oct 7, 2021
Washington Exempt Employees: What you need to know Sec. 49.46. 130). Under Washington state wage and hour laws, individuals employed in a bona fide administrative, executive, or professional capacity and who pass the salary level test are exempt from the overtime provisions of the law.
Calculation Results:HourlyYearlyWashington Minimum Wage$14.49$30,139.20
$58,240The Minimum Required Salary Amount☍Applicable YearEmployers with 25 or Fewer EmployeesEmployers with More Than 25 Employees2019$45,760$49,9202020$49,920$54,0802021$54,080$58,2402022$58,240$62,4004 more rows
New York State does not have a minimum salary level for professional employees. Therefore, employers that wish to treat such employees as exempt from overtime must pay the federal minimum salary level of $684 per week ($35,568 annually), unless an exemption from the minimum salary level otherwise applies.Dec 31, 2021
$1,125/weekMinimum Wage and Exempt Salary Threshold The exempt employee salary threshold remains at $1,125/week ($58,500/year).Jan 9, 2022
An exempt employee is an employee who does not receive overtime pay or qualify for minimum wage. Exempt employees are paid a salary rather than by the hour, and their work is executive or professional in nature.
Only salaried employees who meet the executive, administrative, and professional definitions – often called “white-collar” jobs – are exempt from overtime.
The designation of an employee as "salaried, nonexempt" means that the employer has designated an employee as nonexempt from the federal Fair Labor Standards Act (FLSA), and chooses to pay a weekly salary that equates to at least minimum wage for all hours worked.