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Article #472Re: Minimum Hourly Wage for Computer Professionals?
From: snevel+usenet
Date: Wed, 27 Nov 2002 06:43
Date: Wed, 27 Nov 2002 06:43
37 lines
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2817 bytes
In ba.internet Bhoot Nath <deja_bhoot2000@yahoo.com> wrote: > From http://www.caltax.com/News/NewsDetail.cfm?DocID=340 > "On January 1, 2003, the new hourly minimum rates that employers > must pay to certain computer professionals if they are to be > exempt from overtime will increase 2.2 percent, from $42.64 to $43.58. > The rate is adjusted annually by the California Department of > Industrial Relations (DIR) to reflect changes in the California > Consumer Price Index." > Almost all computer jobs in Silicon Valley are classified as "exempt" > (i.e., no overtime). Does this mean that the minimum yearly salary should > be $43.58/hour * 40 hours/week * 52 weeks/year = 90K? Many, many exempt > computer people are paid less than $90K. this is not a "minimum" wage for programmers, it relates to the wage you must earn in order to be classified as exempt. Actually, you CANNOT legally be classified as exempt as a computer professional if you make less than the stated hourly wage, currently $42.64 per hour. I just started a new job and was hired on as exempt. Just last week they re-classified me as non-exempt because they weren't paying me enough. It doesn't mean much except that I can get overtime now. I can post the exact code section that this relates to if anyone's interested. It's at work, so it'll have to wait till tommorrow. Simeon -- The address in the header *is* actually replyable. If replying, use mail or post here. Please, not both If you're not outraged, you're not paying attention
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From: snevel+usenet@sonic.net
Subject: Re: Minimum Hourly Wage for Computer Professionals?
Newsgroups: sbay.general,ba.general,ba.internet,misc.taxes
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Date: Wed, 27 Nov 2002 06:43:41 GMT
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