At the end of December, the New York State Department of Labor (NYSDOL) approved increases in the state minimum wage which will automatically increase December 31st each year, going forward. The minimum wage differs according to location and company size, as outlined below:
In addition to the increase in minimum wage, the NYSDOL also approved an increase in the minimum weekly salary threshold for overtime exemption. Similar to minimum wage, the minimum weekly salary threshold varies by location and employer size and is set to increase automatically and annually on December 31st. The minimum weekly salary threshold applies to the State’s Executive and Administrative Exemption tests only. Currently there is no salary threshold for the Professional Exemption test under New York state law.
New Exempt Salary Thresholds for 2017:
For the purposes of minimum wage and exemption testing, all employees working in New York State are counted towards employer size. In addition, an employee’s work location within the state of New York, determines the appropriate minimum regardless of where the employer is headquartered in the state.
- Ensure that all employees are being paid at least minimum wage;
- Review employees who fall below the new exemption threshold and take appropriate steps to adjust salary or exemption status for compliance;
- Update notices and posters.