California Minimum Wage 2024 Salary Exempt. Will others see pay increases, too? This naturally will apply to all minimum wage workers but will also have an impact on those exempt employees who are paid the minimum salary required to be classified as exempt.
Also like sb 3, the minimum wage would be tied to. With the increase in california’s minimum wage, the salary exempt test rises from $64,480 to.
In 2023, Employees Are Entitled To Be Paid A Minimum Wage Of At Least $15.50 Per Hour.15 This Means That The Minimum Salary For Exempt Employees In 2023 Is $5,373.34 Per Month (Or $64,480.00 Annually).
Therefore the minimum amount a salaried employee is required to earn in 2024 is $66,560 annually.
As A Result Of A Change In The State’s Minimum Wage, The Minimum Salary Required For These Exemptions Under State Law Will Increase To $938.40 Per Week On January 1, 2024.
Starting july 1, 2024, employers must satisfy a higher salary threshold in order to consider employees as exempt from fair labor standards act (flsa) overtime rules.
Effective January 1, 2024, California’s Minimum Wage Will Increase To $16.00/Hour.
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For More Information On Exempt Employee Classifications, See Our Prior Article Here.
Exempt employees (administrative, executive, and professional) must earn at least two times the state’s minimum wage (times 2080 hours/year).
This Means That Any California Employee Earning Less Than $66,560 Per Year Cannot Be Considered An Exempt Employee (With The Occasional Exception Of The Outside Sales Exemption Discussed Below).
Effective january 1, 2024, california’s minimum wage will increase to $16.00/hour.
As Of January 1, 2024, Employees In California Must Earn An Annual Salary Of No Less Than $66,560 To.