Regulatory changes ahead for the minimum wage, tips, meal credits, workplace uniform allowances, paid leave, labor law salary thresholds, and social media disclosures
Employers should prepare themselves for the multitude of employment laws slated to become effective in 2024. We summarize some of the key changes and offer practical advice below.
Wage & Hour (New York State and New York City)
Proposed Changes to Salary Basis Test
As of January 1, 2024, the salary basis test for employees classified as exempt under the administrative and executive exemptions is anticipated to increase pursuant to proposed regulations issued by the New York Department of Labor ("NYDOL") on October 4, 2023. Consequently, employers must be cognizant of the salaries paid to employees classified as exempt under these exemptions to ensure that those employees are paid enough salary to remain exempt in 2024.
If the proposed regulations are adopted (which is likely), this chart reflects the salary thresholds, effective January 1, 2024:
| New York City, Westchester, and Long Island | $1,200.00/week or $62,400.00/year (increased from $1,125/week or $58,500.00/year) |
| Remainder of New York state | $1,124.20/week or $58,458.40/year (increased from $1,064.25/week or $55,341.00/year) |
Increase to Minimum Wage and Proposed Changes to Rates and Credits
Governor Kathy Hochul signed Senate Bill S4006C into law on May 3, 2023, increasing New York's minimum wage in annual increments beginning January...
Read Full Story:
https://news.google.com/rss/articles/CBMiU2h0dHBzOi8vd3d3LmxleG9sb2d5LmNvbS9s...