The Truthful Labor Requirements Act (FLSA) units a minimal wage threshold for exempt workers, which is the minimal quantity an worker should be paid to be thought of exempt from extra time pay. For 2022, the federal minimal wage for exempt workers is $35,568 per yr, or $684 per week. Which means employers should pay exempt workers no less than this quantity to be able to keep away from paying them extra time for hours labored over 40 per week.
There are a number of advantages to classifying workers as exempt. Exempt workers should not entitled to extra time pay, which might save employers cash. Moreover, exempt workers are sometimes seen as extra invaluable and trusted workers, which might result in increased ranges of job satisfaction and productiveness.
