Salary Exempt Minimum Wage 2024 Ny

Salary Exempt Minimum Wage 2024 Ny. Each time the new york state minimum wage increases, the state’s minimum salary required for executive and administrative employees (but not professional employees in new york) will. This salary threshold is consistently higher than federal law (even under the proposed federal changes) and continues to be generally calculated as 75 times the applicable minimum wage.

On december 27, 2023, new york adopted the proposed updated minimum wage rates and salary levels for new york workers that included increases in the minimum wage by. Department of labor (dol) published a proposed rule in august 2023 that would significantly raise the minimum weekly.