The Truthful Labor Requirements Act (FLSA) units a minimal wage threshold for exempt staff, which is the minimal quantity an worker have to be paid to be thought-about exempt from additional time pay. For 2022, the federal minimal wage for exempt staff is $35,568 per 12 months, or $684 per week. Which means employers should pay exempt staff not less than this quantity so as to keep away from paying them additional time for hours labored over 40 per week.
There are a number of advantages to classifying staff as exempt. Exempt staff usually are not entitled to additional time pay, which may save employers cash. Moreover, exempt staff are sometimes seen as extra worthwhile and trusted staff, which may result in greater ranges of job satisfaction and productiveness.
