As we are now in the final quarter of 2015, New York State employers should begin preparing for the many impending minimum wage increases – yes, there will be multiple increases – all of which take effect December 31, 2015. The details of each are discussed below.
General Increase for Non-Exempt and Exempt Workers
The change impacting the broadest range of New York employers will be the jump in the minimum wage rate for almost all non-exempt (i.e., hourly) employees, from $8.75/hour to $9.00/hour. This raise marks a near 25 percent increase over the past two years in the statewide minimum wage. In addition, the minimum salary for certain exempt employees – those who meet the executive and administrative overtime exemptions – will increase from $656.25/week to $675.00/week.
Continue Reading Reminder for N.Y. Employers: Multiple Minimum Wage Hikes Take Effect at Year’s End