Colorado Exempt Salary Threshold 2024. Beginning july 1, 2024, the minimum annual pay threshold for a salaried employee will increase from $35,568 to $43,888. The 2024 salary adjusted by the same consumer price index as the colorado minimum.
The colorado department of labor and employment (“department”) adopted the colorado overtime & minimum pay standards order #38 (comps), the. The colorado threshold for 2023 is $50,000 and will increase to $55,000 in 2024.
Colorado Employers’ Pay Transparency Obligations Are Changing In 2024.
The salary threshold for highly compensated workers will.
In Addition, The Publication And Yearly Calculation Of Adjusted Labor Compensation Order (Pay Calc) Has Also Been Updated Effective January 1St,.
As of january 1, 2021, to qualify for either the administrative or professional exemption, employees must be paid at least $778.85 per week ($40,500.20 per year).
2024 Exempt Status Salary Threshold By City And State.
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The 2024 Salary Adjusted By The Same Consumer Price Index As The Colorado Minimum.
$1,057.69 per week ($55,000 per year) january 1, 2025:
The Colorado Threshold For 2023 Is $50,000 And Will Increase To $55,000 In 2024.
As of january 2024, the minimum salary to be exempt from overtime pay requirements in colorado is $1,057.69 per week or $54,999.98 annually.
The New Rule Also Raises The Total Annual Compensation Threshold For “Highly Compensated Employees” To $132,964 On July 1, 2024, And $151,164 On January 1,.