The wage threshold for exempt workers is the minimal wage that an worker have to be paid with a purpose to be exempt from time beyond regulation pay necessities. The Honest Labor Requirements Act (FLSA) units the federal minimal wage threshold for exempt workers, however states might 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 essential as a result of it helps to make sure that workers are paid pretty for his or her work. Exempt workers are usually not eligible for time beyond regulation pay, so you will need to ensure 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 a purpose to keep away from paying time beyond regulation wages.