CLIENT ALERT: New York State Minimum Wage and Salary Thresholds Set to Increase on December 31, 2019
December 13, 2019 – As 2019 comes to a close, New York employers must prepare for another minimum wage hike. As of December 31, 2019, New York employers are required to pay employees a minimum wage between $11.80 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 will also change for 2020. Of equal importance, minimum annualized salary thresholds to classify employees as exempt from overtime pay requirements also will increase on the last day of the calendar year. The attached Client Alert provides a full summary of the minimum wage increases, changes to the tip credit allowance and salary thresholds for exempt employees come the new year.