Do exempt employees get paid more?

That’s because exempt employees are likely more experienced and tasked with high-responsibility assignments, which often demands a higher rate of pay. These salaries may amount to more than you would pay nonexempt employees for their regular and overtime hours combined. You can’t deduct pay for hours not worked.

What is the lowest state minimum wage?

The two states with the lowest minimum wage are Georgia ($5.15) and Wyoming ($5.15). However, employers in Georgia and Wyoming who are subject to the Fair Labor Standards Act must still pay the $7.25 Federal minimum wage.

What’s the minimum wage for exempt employees in 2021?

As a result of the change in the minimum wage for 2021, the minimum salary required for the states’ administrative, professional, and executive exemptions will increase to $827.20 per week (or two times the minimum wage for a 40-hour week) on January 1, 2021.

Are there any exemptions to the minimum wage?

Minimum Wage Exemptions Under the FLSA 1 Farm workers, seasonal workers, other exempt jobs. 2 Tipped employees. 3 Minors and young workers. 4 Full time and vocational students. 5 Employees with disabilities. 6 Minimum wage exempt organizations.

What’s the minimum salary for exempt employees in New York?

As a result of the change in the state’s minimum wage, the minimum salary required for administrative, professional, and executive employees exemptions under state law will increase to $700.97 per week, or $36,450 per year on January 1, 2021. New York (December 31, 2020):

What’s the minimum wage for exempt employees in Alaska?

Alaska: As a result of the change in the minimum wage for 2021, the minimum salary required for the states’ administrative, professional, and executive exemptions will increase to $827.20 per week (or two times the minimum wage for a 40-hour week) on January 1, 2021.