Salary grew from $40,000 to $60,000 over 10 years; a 50% total increase. The compound annual growth rate (CAGR) of the salary is 4.14%. CAGR calculation captures consistent annual growth, allowing for ...

Exempt employees are typically referred to as salaried employees, and while not all employees who are paid by salary, rather than by hourly wages, are exempt employees, most do fit the general rule.