Minimum Salary for Exempt Employees 2022

What is an Exempt Employee?

An exempt employee is an employee who is exempt from the overtime pay requirements under the Fair Labor Standards Act (FLSA). This means that an exempt employee is not entitled to overtime pay even if they work more than 40 hours in a workweek. Exempt employees are typically paid a salary, as opposed to an hourly wage.

What is the Minimum Salary for Exempt Employees?

The minimum salary for exempt employees in 2022 is $684 per week or $35,568 annually. This amount is set by the Department of Labor and is subject to change. Employees who are paid less than the minimum salary may still be considered exempt if they meet certain criteria.

Exempt vs. Non-Exempt Employees

Exempt employees are not entitled to overtime pay, while non-exempt employees are. Non-exempt employees are typically paid an hourly wage and are eligible for overtime pay if they work more than 40 hours in a workweek. Exempt employees must be paid a salary and meet certain criteria to be considered exempt.

What are the Criteria for Exempt Employees?

In order to be considered exempt, employees must meet certain criteria. These criteria include the following:

• The employee must be paid a predetermined and fixed salary that is not subject to reduction for quality or quantity of work.
• The employee must perform job duties that primarily involve executive, administrative, or professional duties.
• The employee must be compensated at a rate of at least $684 per week or $35,568 annually.

What is the Difference Between Exempt and Non-Exempt Employees?

The primary difference between exempt and non-exempt employees is that exempt employees are not entitled to overtime pay, while non-exempt employees are. Exempt employees must be paid a salary, while non-exempt employees are typically paid an hourly wage. Exempt employees must also meet certain criteria in order to be considered exempt.

What is the Impact of Minimum Salary for Exempt Employees?

The minimum salary for exempt employees is an important factor for employers to consider when determining employee compensation. The minimum salary for exempt employees is set by the Department of Labor and is subject to change. Employers must ensure that their exempt employees are paid at least the minimum salary or they may be subject to penalties.

Conclusion

The minimum salary for exempt employees in 2022 is $684 per week or $35,568 annually. Exempt employees must meet certain criteria in order to be considered exempt, and employers must ensure that their exempt employees are paid at least the minimum salary or they may be subject to penalties.