Friday, December 03, 2010

Cooley Godward and Kronish post mimum compensation rates for 2011

Ther law firm of Cooley, Godward and Kronish posted on their legal blog the minimum compensation rates for the coming year:

2011 Minimum Compensation Rates

New Year Brings Few Changes in Minimum Compensation Rates

Employers should review compensation rates for both exempt and nonexempt employees to ensure compliance with current legal thresholds. Set forth below are rates at the federal level, and for some states and localities, that apply to the most common job categories.

The following minimum compensation rates are effective as of January 1, 2011:

JURISDICTION EXEMPTION MINIMUM COMPENSATION
FEDERAL Nonexempt $7.25/hour
Executive $455/week1 on salary basis
Professional or Administrative $455/week on salary or fee basis
Computer $27.63/hour (no change from 2010)
Highly Compensated $100,000 total compensation (including minimum $455 minimum weekly salary or fee)
Licensed practicing medical doctor or attorney; teacher None
Business Owner (20% minimum equity and engaged in management) None
Outside sales None
In the following jurisdictions, higher rates prevail as shown. Not all states are reflected.
CALIFORNIA Nonexempt $8.00/hour
$9.79/hour (San Francisco) (increase from 2010)
Executive, professional or administrative $2,773.33/month on salary basis
Computer $37.94/hour, $6,587.50/month or $79,050/year
Licensed Physician $69.13/hour
COLORADO Nonexempt $7.36/hour (still proposed; not final) (increase from 2010)
MASSACHUSETTS Nonexempt $8.00/hour
NEW YORK Nonexempt $7.25/hour
WASHINGTON, DC Nonexempt $8.25/hour
WASHINGTON
STATE
Nonexempt $8.67/hour (increase from 2010)
Outside Sales Exemption guaranteed salary, commission, or fee

Posted via email from hrstrategist@Net-Speed

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