Washington Minimum Salary For Exempt Employees 2024
Washington Minimum Salary For Exempt Employees 2024. With the state salary thresholds for exempt employees now a multiplier of the state minimum wage, one of the. Small business employers will be required to raise their employee’s pay from $1,101.80 weekly ($57,293.60 annually).
Currently, the salary threshold for exempt employees is $684 a week ($35,568. Small business employers will be required to raise their employee’s pay from $1,101.80 weekly ($57,293.60 annually).
Beginning On January 1, 2024, The Minimum Wage In Washington Will Go Up To $16.28 Per Hour, Up 3.4% From 2023 And The Highest Statewide Minimum Wage In The.
However other states such as new york,.
Raising The Minimum Wage To 15 By 2024 Would Lift Wages For 41 Million, For Both Large (More Than 50 Employees) And Small Employers The Minimum Will Be $67,724.80 Per.
As a result of a change.
Salary Employees Must Earn This Amount To Be Exempt From Overtime.
A big change in washington state’s overtime rules is the new minimum salary threshold.
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The Minimum Annual Salary Threshold For Exempt Employees Statewide Will Also Rise On January 1, 2024.
For any employer with exempt employees, employers must pay those employees at least $1,302.40 per week or $67,724.80 annually.
In New Jersey, Which Is Consistent With Federal Law, An Employee Must Earn A Minimum Of $35,368 Annually To Be Exempt.
For both large (more than 50 employees) and small.
Effective January 1, 2024, The State Minimum Wage Rate Will Be $15.74 Per Hour, Calculated As Follows: