Catchy title, right? In this case, however, it isn’t necessarily true since we are talking about computer software employees and physician employees and not Bill Gates. Nevertheless, California’s Department of Industrial Relations (DIR) has announced increases to the minimum pay required for these workers to maintain their status as exempt from overtime (assuming other requirements are met). Specifically, the computer software employee’s minimum hourly rate of pay for exempt status will be raised from $38.89 to $39.90, the minimum monthly salary from $6,752.19 to $6,927.75, and the minimum annual salary from $81,026.25 to $83,132.93. The licensed physicians and surgeons employee’s minimum hourly rate of pay for exempt status will be raised from $70.86 to $72.70. The changes become effective January 1,2013. The changes are tied to a 2.6% increase in the California Consumer Price Index for Urban Wage Earners and Clerical Workers.
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