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Washington Minimum Wage 2024 Exempt Employer
Washington Minimum Wage 2024 Exempt Employer. Beginning on january 1, 2024, the minimum wage in washington will go up to $16.28 per hour, up 3.4% from 2023 and the highest statewide minimum wage in the country. Minimum wage, tip, and exempt employee pay will increase on january 1, 2024 in parts of the country.
In 2024, employers must pay exempt employees at least $1,302.40 per week, or $67,724.80 per year. For 2024, the wage for that younger group will be $13.84 per hour.
The 2024 Minimum Wage In The State Of Washington Is $16.28 Per Hour.
The 2024 threshold for employers is 2 times the minimum wage.
Employers Should Review Compensation For Any Exempt Employee Who Is Currently Making Less Than $67,724.80.
Employer with exempt computer professionals.
Beginning On January 1, 2024, The Minimum Wage In Washington Will Go Up To $16.28 Per Hour, Up 3.4% From 2023 And The Highest Statewide Minimum Wage In The Country.
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Overtime Exempt Workers Must Be Paid At Twice The Annual Minimum Wage Rate, Regardless Of Employer Size.
Important developments are on the horizon for washington state employers in 2024.
Small Business Employers Will Be Required To Raise Their Employee’s Pay From $1,101.80 Weekly ($57,293.60 Annually) To A Minimum Of $1,302.40 Weekly ($67,724.80 Annually) Effective January 1, 2024.
Beginning january 1, for all employers in washington, to meet the salary basis threshold for exemption from overtime, employees must be paid a salary of at least $1,302.40 per week or $67,724.80 per year.