Salary Exempt Minimum Wage 2024 Ny. The proposed regulations will adjust the new york wage orders on various issues, including credits against the minimum wage and the salary threshold excluding executive and. The new york state labor department approved new minimum salary thresholds for exempt executive and administrative workers for the next three years.
To be classified as exempt from new york’s overtime requirements, executive and administrative employees must meet minimum salary requirements and satisfy certain duties. Employers should adjust their minimum exempt salary to $1,124.20 weekly ($58,458.40 annually) to reflect the increase that took effect january 1, 2024 in areas outside of new york city, westchester county, and long island.
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