minimum salary for exempt employees 2016
The minimum weekly salary for exempt employees will be raised from the current $455 to a likely $970 in 2016, if the Department of Laborâs (DOLâs) overtime pay revisions go into effect as proposed.or 2013, using data from the Bureau of Labor Statistics, that figure was $921 per week, or $47,892 per year. The DOL anticipates that when its Final Rule goes into effect in 2016, the salary level will be $970 per week, or $50,440 per year.