The New York State (NYS) minimal wage for exempt staff is a vital factor in figuring out worker eligibility for extra time pay. In 2025, this wage threshold will see a rise, impacting companies and staff alike. Understanding the up to date minimal wage is important for guaranteeing compliance with labor legal guidelines and sustaining equitable compensation practices.
Exempt staff are those that should not entitled to extra time pay beneath the Honest Labor Requirements Act (FLSA). To qualify for this exemption, staff should meet particular standards, together with incomes a wage above a sure threshold. The NYS minimal wage for exempt staff is greater than the federal minimal wage, and it’s adjusted periodically to maintain tempo with inflation and financial circumstances.