Nys Dol Exempt Salary Threshold 2024. The new york state labor department approved new minimum salary thresholds for exempt executive and administrative workers for the next three years. Employers may want to review their payroll practices in light of the increases to the salary thresholds for exempt employees, as well as the state’s new minimum wages.
Effective march 13, 2024, the salary threshold for certain exemptions under article 6 of the new york labor law (nyll) will increase from $900 to $1,300 per week. Similarly, the exempt salary threshold for the remainder of the state would increase in 2024 from $1,064.25 weekly (or $55,341 annually) to $1,124 weekly (or.
The New York State Labor Department Approved New Minimum Salary Thresholds For Exempt Executive And Administrative Workers For The Next Three Years.
Exempt executive and administrative employee salary thresholds for 2024.
Long Island &Amp; Westchester Moved To.
On august 30, 2023, the dol released a proposed rule that, if finalized, would increase the minimum salary required to $1,059 per week in order for.
Then In Addition To The Minimum Wage Increase, The Nys Salary Threshold For The Executive And Administrative Exemptions Also Increased January 1, 2024 To.
Exempt executive and administrative employee salary thresholds for 2024.
Employers Should Adjust Their Minimum Exempt Salary To $58,458.40 Annually ($1,124.20 Weekly) To Reflect The Increase That Took Effect January 1, 2024 In Areas Outside Of New York City, Westchester.
For the executive and administrative exemptions, new york’s salary threshold currently is $62,400 for ny metro (increasing to $64,350 on january 1, 2025),.