Secretary of Commerce Penny Pritzker today outlined a bold new policy agenda for the Department of Commerce, centered on U.S. trade and investment, innovation, and data. more info | view original.
minimum salary requirements the minimum compensation for a salary basis employee is $ 455 per week if you pay any of your salaried employees on a salary or fee basis the amount has to equal or exceed $ 455 per weekthe minimum weekly salary for your computer related salaried employee is also $ 455 per weekhe minimum compensation for a salary basis employee is $ 455 per week if you pay any of your salaried employees on a salary or fee basis the amount has to equal or exceed $ 455 per week
Unless the employee meets both prongs of the test, the employee is not exempt. Compensation prong. To meet the salary basis test for exempt status, an employee must earn a monthly salary equivalent to no less than two times the state minimum wage for full-time employment, which is defined as 40 hours per week. As of February 2016, the present state minimum wage is $10 per hour.