The nydol has set yearly increases to those thresholds for the next three years starting in 2024 as follows: Under the new rule, the total yearly compensation for highly compensated employees who are exempt from overtime pay also increases from $107,432 to.
The exempt salary threshold, currently set at $58,500 per year ($1,125 per week) in new york city, long island, and westchester and $55,341 per year ($1,064.25. 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.
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.
The new york state department of labor (dol) published.
Under The New Rule, The Total Yearly Compensation For Highly Compensated Employees Who Are Exempt From Overtime Pay Also Increases From $107,432 To.
Nyc minimum wage 2024 brianne, and in the rest of new york.
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The New York State Department Of Labor (Dol) Published.
The updated rule will also raise the.
The Nydol Has Set Yearly Increases To Those Thresholds For The Next Three Years Starting In 2024 As Follows:
Dol proposes new exempt salary threshold to start in 2024, employment &