WebOct 7, 2024 · Effective January 1, 2024, the California minimum wage will increase to $15.50 an hour for all employers. The rate reflects an adjustment to the large employer minimum wage (currently $15 an hour) based on inflation, as determined by the state Director of Finance. The small employer rate (currently $14 an hour) will also be $15.50 … WebJan 1, 2024 · Furthermore, under California law, employees in exempt classification (employees who are not entitled to receive overtime compensation) must earn a fixed …
State Minimum Wage Laws U.S. Department of Labor / California ...
WebIn California, the state minimum wage is $15 per hour, $7.75 over the Federal Minimum Wage of $7.25 an hour. ... Monthly wages = annual pay divided by 12 months: Weekly wages = hourly pay times 40 hours: These results are generated by multiplying the base hourly salary by the number of hours, weeks, or months you work on a yearly basis ... WebAs of January 1, 2024, employees in California must earn an annual salary of no less than $64,480 to meet this threshold requirement. In 2016, California passed a law to raise the minimum wage to $15.00 per hour statewide by 2024 for large businesses with 26 or … brittany faircloth wlhs
Minimum Wage – 2024 - CA Department of Developmental …
WebIn 2024, the statewide minimum wage in California is $15.50 per hour. 7. A salaried employee should be paid no less than the number of hours … WebOct 18, 2024 · Currently, in 2024, the minimum wage in California is $14/hr for employers with less than 25 employees and $15/hr for employers with more than 25 employees. However, as you will see in the table above, different cities can create minimum wage laws that are higher than the state minimum wage. WebThe state minimum wage is the same for all individuals, regardless of how many dependents they may have. Data are updated annually, in the first quarter of the new year. State minimum wages are determined based on the posted value of the minimum wage as of January one of the coming year (National Conference of State Legislatures, 2024). brittany facts for kids