The wage threshold for exempt workers is the minimal wage that an worker should be paid with the intention to be exempt from additional time pay necessities. The Honest Labor Requirements Act (FLSA) units the federal minimal wage threshold for exempt workers, however states can also set their very own wage thresholds. In 2023, the federal minimal wage threshold for exempt workers is $684 per week, or $35,568 per 12 months. The wage threshold for exempt workers is adjusted periodically to maintain tempo with inflation.
The wage threshold for exempt workers is vital as a result of it helps to make sure that workers are paid pretty for his or her work. Exempt workers should not eligible for additional time pay, so you will need to be sure that they’re paid a wage that’s commensurate with their expertise and duties. The wage threshold additionally helps to forestall employers from misclassifying workers as exempt with the intention to keep away from paying additional time wages.
