Increase – Business of Your Business

Tag: Increase

NYS Minimum Wage Increase January 1, 2024

As of 1/1/2024, minimum wage in New York State is as follows:

General Minimum Wage Rate Schedule
NYC – Large & Small Employers $16.00
Long Island & Westchester $16.00
Remainder of New York State $15.00

The minimum wage rate differs based on industry and region.

Click here for additional information for:

tipped, fast food, and other workers
free posters on the increased minimum wage specific to your industry

Employers must post a Minimum Wage Information poster as well as various other posters in their place of work visible to all employees.

How Much Can You Save for Retirement in 2022?

December 22, 2021 / Wiley Harrison / Comments Off

The IRS has announced the contribution limit for employees who participate in a 401K, 403B and most 457 plans will increase to $20,500 for the tax year 2022 (up from $19,500 in 2021 and 2020).

The catch-up contribution limit for employees aged 50 and over who participate in these plans remains unchanged at $6,500.

Minimum Wage for 2020 in NYS

December 30, 2019 / Wiley Harrison / Comments Off

Starting 12/31/2019 through 12/30/2020, the basic minimum wage will be $11.80 per hour in most of New York State.

The minimum wage rate differ based on: the fast food industry, tipped workers, Long Island, Westchester County, large and small employers in New York City.

General Minimum Wage Rate Schedule
NYC – Large & Small Employers $15.00
Long Island & Westchester $13.00
Remainder of New York State $11.80

For more information on the increased minimum wage specific to your industry, please click here.

Employers must post a Minimum Wage Information poster as well as various other posters in their place of work visible to all employees.

2020 NYS Misc Workers Minimum Wage Poster

Various Posters for the Workplace (NYS)

Increased Minimum Wage in NYS

December 31, 2018 / Wiley Harrison / Comments Off

Starting 12/31/2018 through 12/30/2019, the basic minimum wage will be $11.10 per hour in most of New York State.

The minimum wage rate differ based on: the fast food industry, tipped workers, Long Island, Westchester County, large and small employers in New York City.

General Minimum Wage Rate Schedule
NYC – Large Employers (of 11 or more) $15.00
NYC – Small Employers (10 or less) $13.50
Long Island & Westchester $12.00
Remainder of New York State $11.10

For more information on the increased minimum wage specific to your industry, please click here.

Employers must post a Minimum Wage Information poster as well as various other posters in their place of work visible to all employees.

2019 NYS Misc Workers Minimum Wage Poster

Various Posters for the Workplace (NYS)