Nys Minimum Wage 2024 Salary Exempt. 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. 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.
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. In new york city, long island county, and westchester county, the current 2024 minimum wage is $16.00 per hour.
New York Law Requires Employers To Pay Employees Overtime, Unless Otherwise Exempt, When They Work More Than 40 Hours In A Workweek.
Executive, Administrative, And Professional Employees And Some Computer Workers;
Similarly, the exempt salary threshold for the remainder of the state would increase in 2024 from $1,064.25 weekly (or $55,341 annually) to $1,124 weekly (or.
The Minimum Salary For Employees Exempt From Minimum Wage And Overtime Requirements In 2024 Will Be Either $62,400/Year (Downstate Counties) Or.
Beginning in 2024, new york state will raise minimum wage to $16 in new york city, long island, and westchester and $15 elsewhere in the state, followed by $0.50 annual increases in 2025.
