salary threshold for exempt status
Specifically, the U.S. Department of Labor proposed this week that the salary threshold needed to maintain such exempt classifications should increase from $23,660 to $50,440 per year (or $970 per workweek). This amounts to more than a doubling of the current salary requirement.he White House recently announced that the long-awaited proposed amendments to the Fair Labor Standards Act regulations concerning the so-called âwhite collarâ exemptions will include a substantial increase to the salary required to maintain exempt status for most executive, administrative, and professional employees.