Washington Minimum Wage 2024 Exempt. The 2024 threshold will be 2x the minimum wage, or at least $1,302.40/week ($67,724.80/year), to avoid overtime. Details are available on the department of labor and industries (l&i) washington minimum wage webpage.
The overtime exemption threshold is calculated as. The minimum salary required to be classified as exempt from overtime under federal law will increase on july 1, 2024, and again on january 1, 2025.
Important Developments Are On The Horizon For Washington State Employers In 2024.
Washington’s minimum wage will rise to.
Effective January 1, 2025 At 12:01 A.m., Level 1 Employers Shall Pay Each Employee An Hourly Minimum Wage Of At Least $3.00 Over The Washington State Hourly.
On september 29, 2023 the washington state department of labor and industries announced the new state minimum wage effective january 1, 2024:
Tumwater — Washington’s Minimum Wage Is Going Up To $16.28 An Hour Next Year, A 3.4 Percent Increase Over 2023.
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On September 29, 2023 The Washington State Department Of Labor And Industries Announced The New State Minimum Wage Effective January 1, 2024:
Washington’s department of labor and industries (lni) announced that washington’s minimum wage will increase from $15.74/hour to $16.28/ hour beginning.
As Of 2024, There Is No Uniform National Minimum Salary, Only Wages Set By State Governments Based On Factors, Such As Skill Level, Industry, And Location.
The minimum annual salary threshold for exempt employees statewide will also rise on january 1, 2024.