With the salary threshold increase for exempt employees taking effect this Monday, businesses across industries are bracing for a transformative shift in their payroll practices. The Fair Labor ...
Last spring, the Department of Labor announced the minimum salary required for an employee to be considered salaried exempt would jump up from $684 per week to $1,059 per week, or $55,068 per year.
Pay thresholds for exempt, salaried workers will increase on July 1 and January 1. Employers can take steps now to ensure compliance. Some state laws supersede the new rules or present additional ...
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