when does new standard exemption go into effect
To increase the current exempt salary level from $455 per week ($23,660 annually) to $970 per week ($50,440 annually), which is expected to be the 40 th percentile of weekly earnings in 2016 when the new regulations are anticipated to go into effect. To increase the exemption threshold for highly compensated employees (a special rule for highly paid employees who perform office or non-manual work and customarily and regularly perform at least one of the duties of an exempt executive ...