Ca Minimum Salary Requirement 2024 Ny. New york law requires employers to pay employees overtime, unless otherwise exempt, when they work more than 40 hours in a workweek. New york lawmakers also passed legislation increasing this amount annually by slightly more than 3% in both 2025 and 2026.
On april 23, 2024, the dol announced its final rule, which will increase these amounts in two steps on july 1, 2024 and again on january 1, 2025. Employers are reminded that the next new york state minimum wage increase to $15.00 per hour was effective january 1, 2024, rather than december 31 as it has been in the past.
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