Ca Minimum Wage 2024 Salary Exempt. This also means that as of jan. Computer software employees may be paid on an hourly or a salary basis in order to qualify for exemption from california's overtime requirements.
1, 2024, exempt employees in california must be paid a minimum annual salary of $66,560. The state’s minimum wage will increase on january 1, 2024.
Exempt Employees Are Not Subject To The Payment Of Overtime For Hours Worked.
Computer software employees may be paid on an hourly or a salary basis in order to qualify for exemption from california's overtime requirements.
This Also Means That As Of Jan.
Beginning january 1, 2024, the minimum wage rate for all hourly employees in california will be $16.00/hour, regardless of company size.
1, 2024, Exempt Employees In California Must Be Paid A Minimum Annual Salary Of $66,560.
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Beginning January 1, 2024, The Minimum Wage Rate For All Hourly Employees In California Will Be $16.00/Hour, Regardless Of Company Size.
Beginning jan 1, 2024, california’s minimum wage will increase from $15.50 per hour to $16 per hour for all employers, regardless of size.
Department Of Labor (“Dol”) Released A New Final Rule That Significantly Increases The Minimum Salary Threshold To Qualify For The Executive, Administrative, Professional, And Highly Compensated Employee Exemptions Under The Fair Labor Standards Act (“Flsa”).
The minimum salary that must be paid to a properly classified exempt employee (must meet the salary test and the duties test) must be equal to two times the current minimum wage or $66,560 again, effective january 1, 2024.