Minimum Wage and Overtime Threshold in New York
In the recent past, New York has recently made headlines after increasing minimum wage and the overtime threshold. Starting December 31, 2016, the minimum wage in New York City will be $11 for large companies and $10.50 for companies that have less than 11 employees. For Nassau, Suffolk, and Westchester, it is $10. For the other counties in New York, it will be $9.70. Fast food employees even have it better. In New York City, the basic minimum hourly rate is $12, and $10.75 outside the city.
Despite the different increases, the goal is to make minimum wage to $15, and these different kinds of workers on different places in New York will reach that goal in different time periods.
In New York City, the minimum wage for large companies will increase $2 annually, meaning that it will reach the $15 mark on 2018. The minimum wage for companies that have less than 11 employees will have a $1.50 annual increase, resulting into a $15 minimum wage on 2019. For Nassau, Suffolk, and Westchester, minimum wage earners will have a $1 increase until the minimum wage turns into $15 in 2021.
Though fast food employees have a better start in the race, they will not go over $15. In New York City, fast food employees will get a yearly increase of $1.50 until the minimum wage clocks in at $15 on 2018. For the fast food workers outside New York City, there will be monumental increases up to 2021, where the minimum wage also stops at $15.
The overtime threshold, or the threshold in which an employee is no longer eligible for overtime pay, has also increased, making more and more people eligible for overtime. The increase will also be implemented on December 31, 2016.
In New York City, the new threshold for large companies will be $825 and $787.50 for companies that have less than 11 employees. For Nassau, Suffolk, and Westchester, this threshold will be set to $750, and $727.50 for the rest of New York.
For New York City, Nassau, Suffolk, and Westchester, this threshold will increase annually until it reaches $1,125. The rest of New York will also experience the same increase, but it will only culminate into $937.50.
These increases ensure that New Yorkers are properly compensated, both in wage and overtime. It is also a good thing that New York has lawyers who specialize on unpaid wage and overtime, such as those in Cary Kane, LLP. The law is on the side of employees, so don’t be afraid to step up if you are not meeting these new increases.Read More