What Is Salaried Exempt?
Employees Who Meet the Requirements for Exemption, Are Paid on a Salary Basis, and the Salary Meets or Exceeds the Salary Threshold Are Considered Salaried...
Employees who meet the requirements for exemption, are paid on a salary basis, and the salary meets or exceeds the salary threshold are considered salaried exempt. Employees who do not meet the requirements to be classified as exempt from the Minimum Wage Act are considered nonexempt.
Are salaried employees always exempt?
Being paid a salary usually, but not always, means an employee is "exempt." If an employee is exempt, you don't have to pay them overtime, but there are some specific requirements for considering an employee as exempt.
Is exempt the same as salaried?
Although several criteria separate salaried exempt workers from salaried nonexempt workers, the one key difference between salaried exempt status and salaried nonexempt status is overtime pay. Exempt employees don't receive overtime pay; nonexempt employees do.