Salary Minimum Wage 2024 Shrm Nyc

Salary Minimum Wage 2024 Shrm Nyc

Salary Minimum Wage 2024 Shrm Nyc. Employers should adjust their minimum exempt salary to $1,124.20 weekly ($58,458.40 annually) to reflect the increase that took effect january 1, 2024 in areas outside. Beginning in 2024, new york state will raise minimum wage to $16 in new york city, long island, and westchester and $15 elsewhere in the state, followed by $0.50 annual increases in 2025 and 2026.


Salary Minimum Wage 2024 Shrm Nyc

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. 1, to $16 per hour for new york city and the.

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