Exempt Salary Threshold 2024 California Form. The employee’s salary must be at least twice the california minimum wage assuming a 40 hour workweek per labor code section 515. The 2024 california minimum wage is $16.00 per hour.
1, 2024, up from the current $15.50 hourly rate. 1, 2024, exempt employees in california must be paid a minimum annual salary of $66,560.
California’s Minimum Wage Will Increase To $16 Per Hour For All Employers On Jan.
Exempt employees must meet a threshold linked to the minimum wage, precisely two times the state’s minimum wage.
The State's Minimum Wage Will Increase On January 1, 2024.
The new exempt threshold will be $66,560.
There Are Three Factors Which Must All Be In Place In Order For An Employee To Be Classified As Exempt From Overtime In California:
Images References :
As Of January 1, 2024, Exempt Workers In California Must Be Paid A Salary That Is At Least Twice The State’s.
Nurses and special cases :
Overtime Exemption For Computer Software Employees.
On july 1, 2024, that will increase to $132,964, and then to $151,164 on january 1, 2025.