Oregon Exempt Salary Threshold 2025. 1, 2025, the total compensation threshold will increase to $151,164, which includes at least $1,128 per week paid on a salary basis. The new regulations raise the exempt salary threshold as of july 1, 2024, and then again on january 1, 2025, as follows:
As of january 2024, the minimum salary threshold for exempt employees is $684 per week ($35,358 per year). The july 1 increase updates the present annual salary threshold of $35,568 based on the methodology used by the prior administration in the 2019 overtime rule.
Employers That Have Exempt Workers Who Earn More Than $684 Per Week, But Less Than The New Salary Thresholds Of The Final Rule (And Who Satisfy The Duties.
For the second time since 2020, the u.s department of labor (dol) is set to raise the salary threshold for salaried exempt employees.
The Rule Also Changed The Salary Threshold For “Highly Compensated” Exempt Employees From $107,432/Year To $132,964/Year On July 1, 2025, And To $151,164/Year.
As of january 2024, the minimum salary threshold for exempt employees is $684 per week ($35,358 per year).
Oregon Exempt Salary Threshold 2025 Images References :
When The Restoring Overtime Pay Act Of 2023 Becomes Effective, The Exempt Salary Will Be Set At $45,000 Per Year, And The Following Schedule Will Be Followed:.
Starting july 1, 2024, employers must satisfy a higher salary threshold in order to consider employees as exempt from fair labor standards act (flsa) overtime.
The Salary Thresholds Will Increase Again On January 1, 2025, With The Minimum Salary For Exempt Status Upped To $1,128 Weekly ($58,656 Annually) And The Highly Compensated.
Exempt computer professionals will need to receive not less than $27.63 for all hours worked as well as the benefit of rest and meal periods.