Wa State Exempt Salary Threshold 2024. Salary exempt minimum wage 2024 washington. For both large (more than 50 employees) and small.
The rule will raise the threshold to $844 per week and the equivalent of $43,888 per year on july 1, and then to $1,128 per week and the equivalent of $58,656. Washington employers should begin following the new washington rules because the state threshold will become more favorable to employees at $821.40 a.
A Big Change In Washington State’s Overtime Rules Is The New Minimum Salary Threshold.
By the time the rule is fully implemented in 2028, a salaried exempt employee will have to be paid at least 2.5 times the state minimum wage.
The Employee Must Also Meet The.
Wa state threshold for ot exempt employees will rise in 2024 by 3.4%.
Washington Employers Should Begin Following The New Washington Rules Because The State Threshold Will Become More Favorable To Employees At $821.40 A.
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For Both Large (More Than 50 Employees) And Small.
Small business employers will be required to raise their employee’s pay from $1,101.80 weekly ($57,293.60 annually) to a minimum of $1,302.40 weekly ($67,724.80.
The Minimum Annual Salary Threshold For Exempt Employees Statewide Will Also Rise On January 1, 2024.
Salary employees must earn this amount to be exempt from overtime pay.
Effective January 1, 2023, Employees Must Earn $65,478.40 Annually ($5,456.55 Monthly) To Be Exempt From Overtime, Regardless Of Duties And.