New Mexico Exempt Salary Threshold 2024. Department of labor (“dol”) released a new final rule that significantly increases the minimum salary threshold to qualify for the. As it stands, the requirement is that executive, administrative, and professional workers must earn a.
Starting july 1, most salaried workers who earn less than $844 per week will become eligible for overtime pay under the final rule. The final rule raises the minimum salary threshold for eap workers to $844 per week or $43,888 per year effective july 1, 2024, and $1,128 per week or $58,656.
The Weekly Salary Requirement For White Collar Exempt Employees Will Then Increase To $1,128/Week On January 1, 2025.
The minimum salary to be exempt is $684 weekly (or.
New Mexico Follows The Federal Minimum Salary Threshold Established By The Flsa For Exempt Employees.
Starting july 1, most salaried workers who earn less than $844 per week will become eligible for overtime pay under the final rule.
State Of New Mexico Minimum Wage:
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The New Proposed Rule Raised The Minimum Salary Floor To $55,068 Per Year ($1,059 Per Week) For Employees Classified As Exempt Effective July 1, 2024.
The final rule raises the minimum salary threshold for eap workers to $844 per week or $43,888 per year effective july 1, 2024, and $1,128 per week or $58,656.
State Of New Mexico Minimum Wage:
As a result of a new state minimum wage, the salary threshold used to determine which workers are exempt from overtime under state law will also increase to.
As A Reminder, And As Explained In Our Previous Blog Post, The Dol Has Proposed The Threshold Salary Level For Exemption From Overtime Be Raised From.