In the new year, New York State is set to increase its minimum wage and overtime exemption salary thresholds. The increase in minimum wage is a part of a broader budget legislation signed by Governor Kathy Hochul in May 2023 which mandated an annual increase in the minimum wage by $0.50. Similarly, the increase in the overtime exemption salary threshold is part of regulations proposed and adopted by the New York Department of Labor in 2023.Continue Reading 2026 Wage Updates for New York State








