Ny 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. On january 1, 2024, the minimum wage will increase to $16 in new york city and the counties of nassau, suffolk and westchester, and to $15 in all other parts of the state.
Of labor published a final rule on april 23, 2024 increasing salary thresholds for those exempt from overtime eligibility as well as. With new york state labor laws maintaining a higher salary threshold than what is required in the federal fair labor standards act (flsa), maintaining compliance is crucial.
Proposed Changes To Salary Exemption Threshold.
Beginning january 1, new york’s minimum wage will.
The New York Department Of Labor (Nydol) Adopted.
Some of these expected changes are summarized below.
With New York State Labor Laws Maintaining A Higher Salary Threshold Than What Is Required In The Federal Fair Labor Standards Act (Flsa), Maintaining Compliance Is Crucial.
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The Minimum Salary For Employees Exempt From Minimum Wage And Overtime Requirements In 2024 Will Be Either $62,400/Year (Downstate Counties) Or.
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 January 1, 2024, The Minimum Wage Will Increase To $16 In New York City And The Counties Of Nassau, Suffolk And Westchester, And To $15 In All Other Parts Of The State.
The minimum wage for employees in new york city, nassau, suffolk, and westchester counties increases to $16 per hour in 2024, and to $15 in other parts of the.