New York Flsa Salary Threshold 2024. The flsa's minimum salary requirement is set to remain the same to start 2024, but the united states department of labor (dol) has published a proposed rule that would increase the minimum salary requirement sometime in 2024 (see below). Effective july 1, 2024, the salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on jan.
For 2024, the minimum wage in new york city, westchester and long island will be $16 per hour. The minimum salary for application of the highly compensated employee (hce) exemption would jump by 34%, from $107,432 per year to $143,988 per year.
There Will Be Another Increase On January 1, 2025, To $58,656.
Effective july 1, 2024, the salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on jan.
The Final Rule Raises The Minimum Salary Threshold For Eap Workers To $844 Per Week Or $43,888 Per Year Effective July 1, 2024, And $1,128 Per Week Or $58,656 Annually Effective January 1, 2025.
Coming on march 13, 2024, the salary thresholds for exemptions from pay frequency laws will jump from $900 per week to $1,300 per week.
This Adjustment In Salary Thresholds For Executive And Administrative Employees Aligns With The Increase In New York’s Minimum Wage On January 1, 2024, Reaching $16 Per Hour For New York City And The Remainder Of Downstate, And $15 Per Hour For The Rest Of The State.
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The Final Rule Raises The Minimum Salary Threshold For Eap Workers To $844 Per Week Or $43,888 Per Year Effective July 1, 2024, And $1,128 Per Week Or $58,656 Annually Effective January 1, 2025.
Department of labor (dol) unveiled a new final rule that will significantly raise the minimum salary threshold to qualify for certain overtime exemptions under the.
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), And Is Currently $58,458.50 For The Rest Of The State (Increasing To $60,405.80 On January 1, 2025).
This adjustment in salary thresholds for executive and administrative employees aligns with the increase in new york’s minimum wage on january 1, 2024, reaching $16 per hour for new york city and the remainder of downstate, and $15 per hour for the rest of the state.
Department Of Labor (“Dol”) Released A New Final Rule That Significantly Increases The Minimum Salary Threshold To Qualify For The Executive, Administrative, Professional, And Highly Compensated Employee Exemptions Under The Fair Labor Standards Act (“Flsa”).