Bulletin Item: New Hourly Rates for Certain Exempt Professionals

As of Jan. 1, 2003, the new hourly rate that you must pay certain computer software professionals in order for them to qualify for overtime exemption will be $43.58. And the new hourly rate for exempt licensed physicians and surgeons paid on an hourly basis will be $56.21. The California Department of Industrial Relations adjusts these rates annually based on the California Consumer Price Index. Keep in mind that these employees also must perform exempt duties in order to qualify for exempt status.