To qualify for the executive exemption under the FLSA, each employee must satisfy the following:
The employee must be compensated:
on a salary basis; and
at a rate at least equal to the standard salary level of $684 a week (special salary levels apply to US territories).
The employee's primary duty must be managing the business or managing a customarily recognized department or subdivision of the business.
The employee must customarily and regularly direct the work of at least two or more other full-time employees or their equivalent.
The employee must have the authority to hire or fire other employees, or the employee's suggestions and recommendations as to the hiring, firing, advancement, promotion, or any other change of status of other employees must be given particular weight.