California Flsa Salary Threshold 2024 Schedule. The january 2025 level equates to $1,128/week. The california minimum wage stands at $16 per hour as of 2024.
This also means that as of jan. This fact sheet provides information on the salary basis requirement for the exemption from minimum wage and overtime pay provided by section 13 (a) (1) of the flsa as defined by regulations, 29 c.f.r.
Per The Proposed Change, The Weekly Salary Limit Would Increase From $684 To $1059 (Equating To $55,068 Annually).
The july 1 increase updates the present annual salary threshold of $35,568 based on the methodology used by the prior administration in the 2019 overtime rule update.
The Rule Will Also Increase The Total Annual Compensation Requirement For Highly Compensated Employees (Who Are Not Entitled To Overtime Pay Under The Flsa If Certain Requirements Are Met) From $107,432 Per Year To $132,964 Per Year On July 1, 2024, And Then Set It Equal To $151,164 Per Year On Jan.
Beginning july 1, 2024, the salary threshold increases from $35,568 per year ($684 per week) to $43,888 per year ($844 per week) the annual compensation requirement for highly compensated employees increases from $107,432 per year to $132,964 on july 1, 2024.
Starting January 1, 2024, California Employers Must Pay Their Computer Professional Employees A Salary Of At Least $115,763.35 Annually ($9,646.96 Monthly) Or An Hourly Wage Of $55.58 For Every Hour Worked In Order To Qualify For The California Computer Professional Exemption.
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Dol New Overtime Rules 2024 Begin On July 1, 2024.
The weekly salary amount of $844, or $1,128 as.
The Rule Will Also Increase The Total Annual Compensation Requirement For Highly Compensated Employees (Who Are Not Entitled To Overtime Pay Under The Flsa If Certain Requirements Are Met) From $107,432 Per Year To $132,964 Per Year On July 1, 2024, And Then Set It Equal To $151,164 Per Year On Jan.
It will then increase to $58,656 on jan.