New Jersey Exempt Salary Threshold 2024. If your exempt employees' salaries fall below the new threshold, you will generally either have to: Exempt employees in new jersey must meet this salary threshold and satisfy specific job duties tests to be considered exempt.
The new rule increases the salary for white collar exempt employees from $684 per week to $844 per week effective july 1, 2024, and $1,128 per week effective. Raise their salaries to the new requirement;
With The Upcoming Changes, It Is.
The first phase, july 1st, which already passed, is going up from.
The Rule Will Also Increase The Total Annual Compensation Requirement For The Highly Compensated Employee Exemption From $107,432 Per Year To $132,964 Per Year.
As of january 2024, the federal minimum salary threshold for exempt employees is $684 per week ($35,568 per year).
New Jersey Exempt Salary Threshold 2024 Images References :
Effective January 1, 2024, The New Jersey Minimum Wage Is $15.13 Per Hour For Most Workers.
If you are paid a salary and make less than.
Effective July 1, 2024, The Final Rule Increases The Minimum Salary Required For The Flsa's Executive, Administrative And Professional Exemptions To $844 Per Week.
2024 exempt status salary threshold by city and state.