New York State Minimum Wage 2024 Exempt. The minimum salary for employees exempt from minimum wage and overtime requirements in 2024 will be either $62,400/year (downstate counties) or. The bigger issue is that the federal minimum wage for tipped workers is $2.13 an hour.
The exempt salary threshold, currently set at $58,500 per year ($1,125 per week) in new york city, long island, and westchester and $55,341 per year ($1,064.25. Kathy hochul signed legislation into law increasing new york’s minimum wage for most employees beginning january 1, 2024,.
As A Result Of The New Minimum Wage, The State Has Proposed Increasing The Minimum Salary Requirement For The Executive And Administrative Exemptions To $1,200.
Employers should adjust their minimum exempt salary to $58,458.40 annually ($1,124.20 weekly) to reflect the increase that took effect january 1, 2024 in areas outside of new york city, westchester.
Increased From $10.25 Or $11.25 (Depending On Health Benefits) To $12 Per Hour.
Employees who are exempt from the.
New York State Minimum Wage 2024 Exempt Images References :
The Exempt Salary Threshold, Currently Set At $58,500 Per Year ($1,125 Per Week) In New York City, Long Island, And Westchester And $55,341 Per Year ($1,064.25.
On may 3, 2023, new york gov.
Effective March 13, 2024, The Salary Threshold For Certain Exemptions Under Article 6 Of The New York Labor Law (Nyll) Will Increase From $900 To $1,300 Per Week.
As of january 1, 2024, new york state’s minimum wage will increase to $16 per hour in new york city and the counties of nassau, suffolk and westchester, and to $15 per.