Ny State Minimum Wage 2024 Salary. As part of the fiscal year 2024 budget, governor hochul secured an agreement to increase the state’s minimum wage through 2026, with indexing to inflation starting in 2027. The increased executive and administrative employee salary thresholds come as new york’s minimum wage rose on jan.
State minimum wage increases 2024. Employers should adjust their minimum exempt salary to $58,458.40.
The Minimum Wage Also Went Into Effect On 01/01/2024.
Most states have a minimum wage law that sets a standard above the federal minimum.
On May 3, 2023, Governor Kathy Hochul Signed The New York State 2024 Budget Agreement Into Law, Which Contained Increases To The State's Minimum Wage, Effective.
The new york state (nys) and new york city (nyc) minimum wages are higher than the federal minimum wage:
Ny State Minimum Wage 2024 Salary Images References :
Find Out More Information About The Statewide Minimum Wage Increases And What To Expect.
In new york city, long island county, and westchester county, the current 2024 minimum wage is $16.00 per hour.
New York State's Minimum Wage.
On may 3, 2023, governor kathy hochul signed the new york state 2024 budget agreement into law, which contained increases to the state’s minimum wage, effective.
