Virginia Salaried Employee Appraisal Guidelines - General
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An employee who is not subject to the minimum wage and overtime requirements of the Fair Labor Standards Act based on salary and duties performed.
Gavin Newsom and the Legislature restored state employees' pay in July after reducing it a year earlier amid projections of a budget shortfall that never came to pass. Most state workers also received pay raises of around 5% or about 2.5% for each of the fiscal years ending in 2020 and 2021.
Over the course of the year, wages and salaries grew by 2.6%. The cost of benefits grew by 2.3% in 2020 and 2.2% in 2019. The average pay raise in 2019 was 3.1%, while in 2021 it is 3.6%. Information from the U.S. Bureau of Labor Statistics (link).
Under the Virginia law, a salaried employee's regular rate of pay is one-fortieth of all wages paid for a particular workweek, regardless of how many hours they worked. Under the FLSA, you calculate a salaried employee's regular rate of pay by dividing the salary by all hours worked.
If you earn more then the Virginia minimum wage rate, you are entitled to at least 1.5 times your regular hourly wage for all overtime worked. Virginia adopts the Fair Labor Standards Act's overtime rules, and does not have any state-specific overtime labor laws.
The Department of Labor under the Obama Administration increased this salary amount to $913 per week effective 12/1/2016; however, this increase was blocked by a court ruling. Instead, the Trump Administration only increased the minimum exempt salary to $684 per week ($35,568 per year) as of 1/1/2020.
Great news for state employees! The General Assembly is recommending a 5% statewide salary increase for eligible salaried employees and an 8% increase for sworn employees of the Virginia State Police effective June 10, 2021.
(This amendment provides a three percent one-time bonus to state employees on December 1, 2020, and a three percent base salary adjustment for state employees effective June 10, 2021, and for state-supported local employees effective July 1, 2021.
Contingent on the provisions of paragraph CC. above, $2,408,099 the second year from the general fund is provided for a $750 one-time bonus on September 1, 2021 for adjunct faculty at Virginia two-year and four-year public colleges and higher education institutions. FF.
All industries have experienced wage growth, but the greatest effects are in the private sector, where compensation jumped 4.5% year-over-year during the final quarter of 2021. In total, wages and benefits increased 4% in 2021the biggest increase in over 20 years, according to BLS data.