The US Dept. of Labor Issues Final Rule that Will Increase
the Minimum Salary Threshold
Effective January 1, 2020, employees must be paid $684/week (equating to $35,568/year) on a salary basis in order to qualify as an exempt employee under the FLSA white collar exemptions.
The minimum salary threshold for the “highly compensated
employee exemption” is also going up. Effective January 1, 2020, in order to
take advantage of the “highly compensated employee exemption,” the employee
will need to be paid a salary of at least $107,432/year.
*Posting and viewing of the information on this website is not intended to constitute legal advice or create an attorney-client relationship. Read More of the Disclaimer