California Flsa Salary Threshold 2024 Calculator. All california employers (federal coming soon) when: Beginning july 1, 2027, and every three (3) years thereafter
$1,128 per week ($58,656 annually) $151,164 annually. This new law changes what qualifies as an exempt employee.
It Will Then Increase To $58,656 On Jan.
The 2024 california minimum wage is $16.00 per hour.
The New Overtime Rule Increases The Flsa Salary Threshold To $43,888 Annually ($844 Per Week), Up From $35,568 ($684 Per Week).
The rule will also increase the total annual compensation requirement for highly compensated employees (who are not entitled to overtime pay under the flsa if certain requirements are met) from $107,432 per year to $132,964 per year on july 1, 2024, and then set it equal to $151,164 per year on jan.
As Of January 1, 2024, Employees In California Must Earn An Annual Salary Of No Less Than $66,560 To Meet This Threshold Requirement.
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The Changes Will Expand Overtime Pay Eligibility To Millions.
In 2016, a similar proposed change would have moved the salary threshold from $455 per week ($23,660 annualized) to $913 per week ($47,476).
This New Law Changes What Qualifies As An Exempt Employee.
Starting january 1, 2024, california employers must pay their computer professional employees a salary of at least $115,763.35 annually ($9,646.96 monthly) or an hourly wage of $55.58 for every hour worked in order to qualify for the california computer professional exemption.
For 2024 This Is $16.00 Per Hour X 2,080 Hours/Year X 2 = $66,560.
