New York minimum wage to increase at end of year — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

New York minimum wage to increase at end of year

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in Compensation and Benefits,Human Resources

The state minimum wage for most jobs will rise to $8.00 per hour effec­­tive Dec. 31, 2013, after the Leg­­is­­la­­ture approved Gov. Andrew Cuomo’s pro­­posal in late March. The minimum wage will increase twice more: to $8.75 on Dec. 31, 2014, and to $9.00 on Dec. 31, 2015.

The legislation preserves the special minimum wage for food service workers and tipped employees. Em­­ployers must pay tipped employees $5.00 per hour and allow a tip credit of a maximum of $2.25 per hour as long as wages and tips total at least $7.25 per hour, the current federal minimum wage.

Note: Plan now to ensure you're ready to handle the change when it occurs.

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