Exempt Minimum Salary 2025. As of july 1, 2024, exempt executive, administrative and professional employees are required to be paid a minimum salary of $844 per week (or $43,888 per. Starting july 1, 2024, the minimum salary requirement will rise to $844 per week, which equates to $43,888 annually.
1, 2025, most salaried workers who make less than $1,128 per week will become eligible for overtime pay. The final threshold will increase again on january 1, 2025, to a minimum salary of $1,128 per week ($58,656 per annum).
$43,888, Starting On July 1, 2024;
Beginning january 1, 2025, the salary threshold rises to $1,128 per week (or $58,656 annually).
1, 2025, Most Salaried Workers Who Make Less Than $1,128 Per Week Will Become Eligible For Overtime Pay.
The final rule did not modify the salary basis test or the duties test provisions but did increase the salary level amounts an employee must be paid to be paid in order.
Exempt Minimum Salary 2025 Images References :
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.
1, 2025, that salary threshold would increase to $58,656 per year, or $1,128 per week.
$844 Per Week (Equivalent To $43,888 Per Year) On July 1, 2024.
The rule increases this minimum salary threshold, initially to $844 per week ($43,888 per year) as of july 1, 2024, and then to $1,128 per week ($58,656 per year).
