Effective march 13, 2024, the salary threshold for certain exemptions under article 6 of the new york labor law will increase from $900 to $1,300 per week,. 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.
This includes the new salary threshold of $990 per week ($51,480 when annualized) in effect as of december 31, 2021. The 2024 final rule raises the salary threshold for the white collar and highly compensated exemptions in two phases.
On December 27, 2023, And Just In Time For The 2024 Ball To Drop, The New York State Department Of Labor (Nysdol) Finalized The Salary Thresholds For Exempt.
In addition to these increases, the salary.
Employers In New York Should Review Their Employeeโs Classification Status And Determine Which Exempt Employees Will Be Affected When The Salary Threshold.
Separately, the new york legislature amended the new york labor law (nyll) to increase the salary threshold for exemptions from pay frequency laws for executive,.
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A Reminder That The Professional.
The new york state department of labor (dol) published.
If The Historical Salary Basis Threshold Of 75 Times The Minimum Wage Remains The Same, The 2024 Exempt Salary Threshold For Such Employees In New York City, Long.
There is currently no salary threshold for the professional exemption in new york;