Average Salary Increase For 2024 Nyc. It was 3.7% in dec. The increased executive and administrative employee salary thresholds come as new york’s minimum wage rose on january 1, 2024, to $16 per hour for new york.
Governor hochul announced a historic agreement to increase the minimum wage to $16 in new york city and $15 elsewhere in 2024, followed by $0.50 annual increases in 2025 and 2026. Effective march 13, 2024, the salary threshold for certain exemptions under article 6 of the new york labor law will increase.
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