6+ Ways to Prepare for the 2025 Exempt Minimum Salary Increase

exempt minimum salary 2025

6+ Ways to Prepare for the 2025 Exempt Minimum Salary Increase

The exempt minimal wage is the minimal wage that an employer should pay an worker with a purpose to qualify for sure exemptions from the Truthful Labor Requirements Act (FLSA). The FLSA is a federal legislation that units minimal wage, time beyond regulation pay, and different office requirements. The exempt minimal wage is adjusted periodically by the U.S. Division of Labor to mirror adjustments in the price of residing.

The exempt minimal wage for 2025 has not but been decided, however it’s more likely to be greater than the present exempt minimal wage of $684 per week. The rise within the exempt minimal wage is meant to make sure that workers who’re exempt from the FLSA’s time beyond regulation pay necessities are literally being paid a good wage.

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4+ Essential Colorado Minimum Salary Facts for Exempt Employees in 2025

colorado minimum salary for exempt employees 2025

4+ Essential Colorado Minimum Salary Facts for Exempt Employees in 2025

The Colorado Division of Labor and Employment units the minimal wage for exempt staff within the state. For 2025, the minimal wage for exempt staff is $50,440 per yr. Which means employers should pay exempt staff at the least $50,440 per yr in an effort to qualify for the exemption from extra time pay.

There are an a variety of benefits to being an exempt worker. Exempt staff are usually not eligible for extra time pay, however they’re sometimes paid greater than non-exempt staff. Exempt staff even have extra flexibility of their work schedules and are sometimes given extra duty.

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