Effective 1/1/2022, the minimum salary threshold for exempt employees will increase to $1,120 per week ($58,240 per year) for employers with 25 or fewer employees and $1,200 per week ($62,400 per year) for employers with 26 or more employees.

The minimum hourly rate for exempt computer software employees will increase to $50 per hour (or an annual salary of $104,149.81).

The minimum rate for exempt licensed physicians and surgeons paid on an hourly basis will increase to $91.07 per hour.