Why $35,308 and $147,414 Are the New Critical Salaries
Evil HR Lady
MARCH 12, 2019
This salary has been in place since 2004, so it seems like a good time to make a change. The Department of Labor recently announced some new minimum salaries for exemption from overtime under the Fair Labor Standards Act. Currently, in order to be exempt from overtime you need to meet the duties test and earn at least $23,660 per year ($455 weekly). Additionally, the definition of highly compensated employees is changing from $100,000 per year to $147,414.