For 2024, the minimum wage in new york city, westchester and long island will be $16 per hour. New york is increasing the weekly salary threshold for exemption from state wage payment laws to $1,300 from $900, under a bill that will go into effect on march 13, 2024.
Due to the amendment, that law will require salary exempt employees to be paid a minimum salary of $1,300 per. Exempt executive and administrative employee salary thresholds for 2024.
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.
The july 1 increase updates the present annual salary threshold of $35,568 based on the methodology used by the prior administration in the 2019 overtime rule.
Proposed Changes To Salary Exemption Threshold.
The new york state department of labor (dol) published.
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To Be An Exempt Executive Or Administrative Employee Under New York Law, The Employee Must Be Paid On A Salary.
The minimum salary for exemption as an executive or administrative employee increases to $1,200 per week ($62,400 annualized) in new york city,.
New York Is Increasing The Weekly Salary Threshold For Exemption From State Wage Payment Laws To $1,300 From $900, Under A Bill That Will Go Into Effect On March 13, 2024.
To be exempt, administrative and executive employees must earn at least $1200 per week in new york city, long island and westchester county, and $1124.20 in the rest of new.