Colorado Minimum Salary For Exempt Employees 2024. The final rule is expected in april, 2024. The statewide minimum wage for colorado — currently $13.65 — will increase on january 1, 2024, in line with the cost of living (cola) to an amount not yet.
Effective march 16, 2020, virtually all private employers in colorado will be subject to the colorado department of labor and employment, division of labor. The 2024 salary adjusted by the same consumer price index as the colorado minimum.
January 1, 2024 $1,057.69 Per Week ($55,000 Per Year) January 1, 2025 The 2024 Salary Adjusted By The Same Consumer Price Index As The Colorado Minimum Wage
Healthy families and workplaces act (hfwa) rule 1.5 of comps order #37 specifies that an “employee” is defined differently under the hfwa than under the colorado wage act and comps order.
The Minimum Salary That Must Be Paid To An Employee To Maintain Exemption From Overtime Is Increasing As Of January.
The minimum salary for application of the highly compensated employee (hce) exemption would jump by 34%, from $107,432 per year to $143,988 per year.
$938.40 ($48,796.80 Per Year) Arizona.
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New Minimum Exempt Weekly Salary Requirement:
Employers can anticipate increasing the exempt threshold to $865.38 per week next year with a minimum salary of $45,000 per year.
January 1, 2024 $1,057.69 Per Week ($55,000 Per Year) January 1, 2025 The 2024 Salary Adjusted By The Same Consumer Price Index As The Colorado Minimum Wage
The minimum salary threshold for highly compensated workers increased by $11,250 to $112,500 in 2023.
