The wage threshold for exempt workers is the minimal wage that an worker should be paid to be able to be exempt from additional time pay necessities. The Truthful 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 aren’t eligible for additional time pay, so it is very important make it possible for they’re paid a wage that’s commensurate with their expertise and duties. The wage threshold additionally helps to stop employers from misclassifying workers as exempt to be able to keep away from paying additional time wages.
