Colorado Salary Exempt Threshold 2024. $844 per week ($43,888) annually. Some workers are specifically exempt from the flsa’s minimum wage and overtime protections, including bona fide executive, administrative or professional.
The 2024 salary adjusted by the same consumer price index as the colorado minimum. Effective july 1, 2024, the salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on jan.
As Of January 2024, The Minimum Salary To Be Exempt From Overtime Pay Requirements In Colorado Is $1,057.69 Per Week Or $54,999.98 Annually.
Effective july 1, 2024, the minimum weekly salary for exempt status will increase to $844 ($43,888 annually) and the highly compensated salary threshold will.
The Federal Exempt Salary Threshold Holds Sway In Any State Or Locality That Does Not Have Its Own, Higher Threshold.
As of january 1, 2024, the only states not utilizing the federal.
The Minimum Salary Threshold For Highly Compensated Workers Increased By $11,250 To $112,500 In 2023.
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The Impact Of This Salary Threshold Reaches Far Beyond Just Overtime.
This fact sheet provides information on the salary basis requirement for the exemption from minimum wage and overtime pay provided by section 13 (a) (1) of the flsa as defined.
$1,057.69 Per Week ($55,000 Per Year) January 1, 2025:
Effective july 1, 2024, the minimum weekly salary for exempt status will increase to $844 ($43,888 annually) and the highly compensated salary threshold will.
As Of January 1, 2024, The Only States Not Utilizing The Federal.
