Overtime exemption salary requirements are the minimum salary levels that employees must be paid in order to be exempt from overtime pay. The Fair Labor Standards Act (FLSA) sets the overtime exemption salary requirements, which are updated periodically. The most recent update was in 2016, when the salary threshold was raised to $47,476 per year.
There are a number of benefits to meeting the overtime exemption salary requirements. Exempt employees are not entitled to overtime pay, which can save employers money. Exempt employees are also typically considered to be more senior and experienced, which can lead to higher levels of productivity and employee morale.
