New York Minimum Wage and Salary Thresholds Increase in 2019
With the arrival of 2019, New York employers must be prepared for another significant wage increase. As of December 31, 2018, New York employers are required to pay employees a minimum wage between $11.10 and $15 per hour, depending on the employer’s geographic location within the state and the size of its workforce. The tip credit allowance for restaurant employers has also changed for 2019. Of equal importance, minimum annualized salary thresholds to classify employees as exempt from overtime pay requirements also increased on the last day of the calendar year. The below Client Alert provides a full summary of the minimum wage increases, changes to the tip credit allowance and salary thresholds for exempt employees.
PDF of Client Alert: CLIENT ALERT: New York Minimum Wage and Salary Thresholds Increase in 2019
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