New Rates in Effect For Computer Software Professionals
January 03, 2007
Effective January 1, 2007, the minimum hourly rate for exempt computer software professionals in California is increased to $49.77 per hour. Under California Labor Code § 515.5, the computer professional overtime exemption in California applies only to employees who meet a duties test and a minimum hourly pay rate, as established each year by the California Division of Labor Statistics.
A recently clarification of the law provides that such employees can be paid a salary, but will only be considered exempt from time-and-a-half overtime pay if the employee is paid the minimum statutory rate for all hours actually worked. For salaried workers, this equates to an annualized salary of not less than $103,521.60, plus $49.77 for each hour worked in excess of 40 in a work week.
this is interesting. do you have a link to more info?
Posted by: sarah | August 09, 2007 at 11:18 AM