Employers Should Prepare Now for 2025 New York State Wage Adjustments
As we approach the start of a new year, New York employers should prepare for several wage- related adjustments that will take place on January 1, 2025. Along with an increase to the state’s hourly minimum wage rates, there are scheduled changes to the tip credit, meal credit, uniform allowance and salary exemption thresholds. It is critical that employers plan ahead for these upcoming changes. Employers are encouraged to work with their payroll team/providers to ensure that their rate of pay forms and pay stubs are compliant with the new rates. Failing to make the necessary changes (including issuing updated Notice of Pay Rate forms to all employees whose pay rates, tip credit or meal credit will be impacted — the Department of Labor’s Notice of Pay Rate forms can be found here: Notice of Pay Rate | Department of Labor) poses a substantial risk of legal liability.