Colorado Minimum Salary For Exempt Employees 2024. Therefore the minimum amount a salaried employee is required to earn in 2024 is $66,560 annually. Step pay increases within job class pay ranges for classified employees who work at executive branch agencies or institutions of higher education take effect july 1, 2024,.
The following is a comprehensive list of the 2024 exempt status salary threshold by state. 07 / 01 / 2024.
This Represents An Almost 65% Increase In.
Colorado follows the minimum salary threshold established by the state.
What Earlier This Year Seemed Like A Long Shot Is Now A Done Deal:
The weekly salary requirement for white collar exempt employees will then increase to $1,128/week on january 1, 2025.
The Following Is A Comprehensive List Of The 2024 Exempt Status Salary Threshold By State.
Images References :
This Represents An Almost 65% Increase In.
Effective july 1, 2024, the salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on jan.
As A Result Of The Colorado Overtime &Amp; Minimum Pay Standards Order, The Minimum Salary Required To Qualify For The Executive/Supervisor, Administrative And.
Effective january 1, 2024, the state minimum wage will be increased to $14.42/hour.
This Is A $1.09 Increase In The Hourly Minimum Wage Rate From 2022.