Finance, Regulations

Exempt Salary Levels Set To Increase On July 1, 2024

The minimum salary for exempt salaried employees is set to increase on July 1, 2024, from the current level of $684 per week to a new level of $844 per week. This increase applies to executive, administrative and professional employees, and means that exempt salaried employees like supervisors, managers, marketing managers, public relations, Registered Nurses, Medical Technologists, and others must receive a guaranteed salary, not subject to deduction, of at least $844 per week.