As of December 31, 2018, the thresholds for New York’s “executive” and “administrative” overtime exemptions will increase for all employers.
For employers with 11 or more employees (“Large Employer”), the salary thresholds will increase from $975 per week to $1,125 per week ($58,500 annually).
For those with 10 or fewer employees (“Small Employer”), the thresholds will increase from $900 per week to $1,012.50 per week ($52,650 annually).
Also effective December 31, 2018, the New York City minimum wage will increase to $15.00 per hour for large employers (11 or more employees) and to $13.50 for small employers (10 or fewer employees).
To view the minimum wage information directly from New York City’s Department of Labor, please click here.
For more information, please click here.
The information included in this blog post originally appeared in an article from JD Supra on December 3, 2018, written by Brian Turoff of Manatt, Phelps & Phillips, LLP.