The most wonderful time of the year often portends many legal hiccups for the unassuming business. And this year is no different. As the holiday season approaches and we turn the calendar to 2025, New York employers should pay attention to several legal and regulatory changes taking effect in 2025 and beyond.
Wage & Hour Changes
As has become an annual tradition, New York employers should keep in mind the scheduled minimum wage increases set to go into effect on January 1, 2025 (and beyond).
Minimum Wage Increases
As outlined here, New York’s Governor Hochul signed legislation adopting a three-year period of annual increases to the state’s minimum wage rates, followed by a market-based approach to adjust minimum wage rates moving forward.
Effective January 1, 2025, all New York employers will face the following rate increases:
As of January 1, 2027, subsequent minimum wage increases will be tied to the three-year average of a regional consumer price index, such that economic conditions could prevent a rate increase for a particular year. The New York Department of Labor (“NYDOL”) is tasked with monitoring the statewide economy and adjusting the minimum wage accordingly. If the NYDOL determines a rate increase is appropriate, it will need to post the adjusted rate no later than October 1 of the year prior to the planned increase to give employers sufficient time to prepare.
Overtime Exemption Salary Threshold Increases
Per NYCRR § 142-2.14, employees who work in an...
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