Employer Law Blog
November 25, 2015
DOL Plans to Announce Increased Salary Requirement in the Summer of 2016
As we previously reported, the minimum salary amount for an exempt employee since 2004 was $455/week or $23,660/annually. On July 6, 2015, the DOL announced its proposed rule which, in part, would mandate that employers have to pay an exempt employee a minimum salary of $970.00/week, or $50,440/annually.