Salary Minimum Wage 2024 Shrm Nyc. In 2024, the department of labor issued its final rule increasing the minimum salary to meet the white collar exemptions under the flsa. The increased executive and administrative employee salary thresholds come as new york’s minimum wage rose on january 1, 2024, to $16 per hour for new york city and the remainder of.
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. The minimum hourly wage rate for new york city, westchester, long island, and the rest of new york state will increase annually for 2024 to 2026 as follows:
