Effective January 1, 2020, a final rule from the US Department of Labor (DOL) amends the Fair Labor Standards Act (FLSA) regulations implementing the minimum wage and overtime exemptions for executive employees, administrative employees, professional employees, computer employees and outside salespersons as follows:
Standard Salary Level – The minimum annual salary for most exempt employees paid on a salary basis increases from $455 per week (or $23,660 per year) to $684 per week (or $35,568 per year).
