Colorado Exempt Salary Threshold 2025. After 2020, the salary threshold for exempt employees will apply to all employers and will rise to $40,500 on january 1, 2021; This represents an almost 65% increase in.
$45,000 on january 1, 2022;. The rule will also increase the total annual compensation requirement for the highly compensated employee exemption from $107,432 per year to $132,964 per year.
The Colorado Threshold For 2023 Is $50,000 And Will Increase To $55,000 In 2024.
Colorado private sector employers, take note:
With A Higher Threshold For Exemption, More Workers Are Entitled To 1.5 Times.
Although the higher colorado salary requirement does not go into effect until july, nearly all colorado employers are subject to the flsa and are therefore required to make sure.
On January 22, 2020, The Colorado Department Of Labor Adopted The Final Colorado Overtime And Minimum Pay Standards Order #36 (“Comps Order”), Which Makes.
Second, on january 1, 2025, it will rise to $151,164 (a 41%.
In Colorado, Executive/Supervisor, Administrative, And Professional (Eap) Employees May Be Exempt From Overtime And Meal And Rest Break.