Washington Minimum Wage 2024 Exempt. The department of labor & industries announced an increase in the state minimum wage to $16.24/hour, effective january 1, 2024. However, starting in 2024, the salary threshold will be raised, extending overtime pay rights to a larger.
Lawmakers in 2019 passed a law aimed directly at uber and lyft, mandating they provide drivers with protections like minimum wage, overtime, health insurance and reimbursement for expenses. 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.
So those are pretty big increases.
Under Rules Adopted Before The Pandemic, Lni Is Increasing The Overtime Exemption Threshold Annually To Reach 2.5 Times The Minimum Wage By 2028 For All Employers.
The minimum salary required for exemption is two times the state minimum wage for the first 40 hours of employment each week.
Washington Minimum Wage 2024 Exempt Images References :
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.
You must be aware that this rate is the baseline for employee compensation.
And Then The Second Increase Is Going On January 1St Of 2025, And That’s Going To Go Up To $151,164.
In 2024, employers must pay exempt employees at least $1,302.40 per week, or $67,724.80 per year.