With the start of a new year comes new labor laws. With 2014 upon us, now is the time for employers to dust off their policies and ensure that they are in compliance with all applicable rules and regulations, both new and old. A little work now can mean substantial savings for your company later.
Minimum Wage Increase -
Beginning December 31, 2013, New York State’s minimum wage for most employees, including domestic workers, increased from $7.25 to $8.00. Importantly, this also increases the corresponding overtime rate to $12.00 per hour. This is the first increase in a set of annual minimum wage increases set by the Department of Labor, with minimum wage to rise to $8.75 by December 31, 2014, and $9.00 by December 31, 2015. The increases in minimum wage also impact the allowances for tip credits, uniform maintenance pay and for meals and lodging under the applicable Minimum Wage Orders.
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