Salary Threshold For Exempt 2024 Wa State. The exempt salary threshold for employees working for large employers (51 or more employees) increases to $65,478.40 per year, which translates to $1,259.20/week (and is a $12,734.80 annual increase from the 2021 threshold). Both small and large employers must pay exempt employees a salary of at least $1,302.40 per week ($67,724.80 per year).
In 2024, employers must pay exempt employees at least $1,302.40 per week, or $67,724.80 per year. Washington employers should begin following the new washington rules because the state threshold will become more favorable to employees at $821.40 a week (1.5x the state minimum wage) for small businesses and approximately $958.30 per week (1.75x the state minimum wage) for large businesses.
Overtime Exempt Salary Budget Tool.
L&i determines the amount based upon a multiplier of the washington state minimum wage and inflation, causing the final amount to potentially differ from published projected.
Department Of Labor Issued A Proposed Rule That Would Increase The Salary Threshold To $55,068.
In 2024, employers must pay exempt employees at least $1,302.40 per week, or $67,724.80 per year.
1, 2024, Businesses In Washington Must Meet The State Salary Thresholds Because They Are More Favorable Than The Federal Threshold Of $684 A Week ($35,568 A Year).
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It’ll Keep Going Up Until 2028 When It’s 2.5 Times The State Minimum Wage.
Starting july 1, 2024, employers must satisfy a higher salary threshold in order to consider employees as exempt from fair labor standards act overtime rules.
2.25X *$1,538.10 Per Week ($79,981.20 Per Year) January 1St, 2027:
Due to the monthly base pay model at the uw requiring rounding up to a whole dollar amount, the uw’s monthly and annualized thresholds are slightly higher than the state’s.
Effective January 1, 2023, Employees Must Earn $65,478.40 Annually ($5,456.55 Monthly) To Be Exempt From Overtime, Regardless Of Duties And Responsibilities.