Salary Increase 2024 For Private Employees In Ny. Salary budgets surpassed budgets in 2023 as pay raises remained steady, but what does 2024 have in store for employees? Specifically, the minimum wage is scheduled to increase on january 1, 2024 to $16.00 per hour for new york city and the counties of nassau, suffolk and.
Chapter 190 of the laws of 2023 provides for a salary increase of three percent (3.00%) for fiscal year 2024 and includes the april 1, 2024, m/c salary. As of january 1, 2024, the salary basis test for employees classified as exempt under the administrative and executive exemptions is anticipated to increase.
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