salary

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.

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The “2025 wage threshold” refers to a provision within the Honest Labor Requirements Act (FLSA) that can improve the minimal wage degree for time beyond regulation eligibility for sure white-collar employees. The brand new threshold will take impact on January 1, 2025, and might be set at $679 per week, or $35,568 per 12 months. This represents a big improve from the present threshold of $47,476 per 12 months.

The 2025 wage threshold is vital as a result of it can increase time beyond regulation eligibility to hundreds of thousands of employees who’re presently exempt. This may have an a variety of benefits, together with elevated pay for employees, lowered workload stress, and improved work-life steadiness. Moreover, the brand new threshold will assist to make sure that time beyond regulation pay is pretty distributed throughout all employees, no matter their job title or wage degree.

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