The wage threshold for exempt workers is the minimal wage that an worker have to be paid so as to be exempt from time beyond regulation pay necessities. The Truthful Labor Requirements Act (FLSA) units the federal minimal wage threshold for exempt workers, however states can 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 yr. The wage threshold for exempt workers is adjusted periodically to maintain tempo with inflation.
The wage threshold for exempt workers is necessary as a result of it helps to make sure that workers are paid pretty for his or her work. Exempt workers will not be eligible for time beyond regulation pay, so it is very important guarantee that 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 so as to keep away from paying time beyond regulation wages.
