Washington Minimum Wage 2024 Exempt. 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. Washington employers will have to adhere to the state thresholds in 2024 since they are more favorable when compared to the federal threshold.
The 2024 threshold will be 2x the minimum wage, or at least $1,302.40/week ($67,724.80/year), to avoid overtime. Overtime exempt workers must be paid at twice the annual minimum wage rate, regardless of employer size.
This Adjustment From The Previous Year's $15.74 Is A Significant Change For Employers Across The State.
The proposal will set the minimum wage to $20.29 per hour across unincorporated king county, though the ordinance won’t take effect until jan.
The 3.37% Increase Is Based On State Law, Which Requires The State’s Minimum Wage To Be Adjusted Annually Based On The Consumer Price Index For Urban.
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.
In 2024, Employers Must Pay Exempt Employees At Least $1,302.40 Per Week, Or $67,724.80 Per Year.
Images References :
In 2024, Washington Employers Must Pay Exempt Computer Professionals At Least $56.98 Per Hour.
2024 minimum wage announcement poster.
However, Starting In 2024, The Salary Threshold Will Be Raised, Extending Overtime Pay Rights To A Larger.
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.
With The State Salary Thresholds For Exempt Employees Now A Multiplier Of The State Minimum Wage, One Of The Thresholds Multipliers Will Rise On Jan.