With the upcoming changes, it is. In 2024, employers must pay exempt employees at least $1,302.40 per week, or $67,724.80 per year.
Employers that have exempt workers who earn more than $684 per week, but less than the new salary thresholds of the final rule (and who satisfy the duties requirements), can. New salary requirements to qualify as exempt from minimum wage and overtime.
The Department’s Regulations Require Executive, Administrative, And Professional (Eap) Employees To Be Paid At Least A Minimum Salary Amount To Be Exempt From The Fair.
Exempt workers in california, meanwhile, must be paid a salary that is at least twice the state’s minimum wage.
The Current Federal Minimum Wage Is $2.13 Per Hour For Tipped Workers And $7.25 Per Hour For All Other Workers.
Six months later, on january 1, 2025, the salary.
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The Basic Salary Rule In India As Of 2024 Is At Least 40 To 50% Of The Total Salary Package As Per Government Regulations.
Beginning july 1, 2024, $844 per week ($43,888 per year);