Minimum Exempt Salary New York 2025. The new york state labor department approved new minimum salary thresholds for exempt executive and administrative workers for the next three years. Minimum salary for employees exempt from new york state pay frequency requirements on september 15, 2023, governor hochul signed a bill into law that.
Employers should review their pay practices to ensure compliance with these changes taking effect january 1, 2024. On december 27, 2023, new york issued a notice that the new york department of labor (dol) adopted the regulations that will increase the salary thresholds for minimum wage.
The Minimum Wage Increased On January 1, 2024 To $16.00 Per Hour In New York City, Westchester, And Long Island And To $15.00 Per Hour In All Other Counties In.
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.
New York Governor Kathy Hochul Recently Signed Legislation ( S.b.
The new rule represents an almost 65% increase in the minimum exempt salary threshold by january 1, 2025 and an increase of almost 40% in the minimum.
Minimum Exempt Salary New York 2025 Images References :
As Previously Reported Here, The New York.
Minimum salary for employees exempt from new york state pay frequency requirements on september 15, 2023, governor hochul signed a bill into law that.
The New York State Labor Department Approved New Minimum Salary Thresholds For Exempt Executive And Administrative Workers For The Next Three Years.
To be an exempt executive or administrative employee under new york law, the employee must be paid on a salary.