Minimum Exempt Salary Colorado 2024. There are notable adjustments to colorado’s wage laws beginning january 1, 2023: The final rule is expected in april, 2024.
If approved, this proposal will take effect on january 1, 2024, and bring the local minimum wage to 15% above colorado’s 2023 minimum wage, amounting to. Minimum salary threshold july 1, 2020 $684.00 per week ($35,568 per year) january 1, 2021 $778.85 per week ($40,500 per year) january 1, 2022 $865.38.
This Is A $1.09 Increase In The Hourly Minimum Wage Rate From 2022.
On august 30, 2023, the.
The New Amount Is Significantly Higher Than The Federal Minimum Salary Of $684 Per Week ($35,568 Per Year).
Colorado’s minimum wage will increase from $12.56 per hour to $13.65 per.
The Requirement Is Defined In The Colorado Overtime.
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This Is A $1.09 Increase In The Hourly Minimum Wage Rate From 2022.
Colorado follows federal laws regarding exempt employees, primarily governed by the fair labor standards act (flsa).
In Washington State, The Salary Threshold Exemption Is $1,302.40/Week ($67,724.80 A Year) For 2024.
Updated:4:49 am mdt august 4, 2023.
It’s Important To Note That This Minimum Wage Experiences.
