New York's minimum wage is $17 per hour downstate and $16 per hour upstate.
The salary threshold for the executive and administrative exemptions is $1,275.00 per week, or $66,300 per year, downstate. Upstate, it is $1,199.10 per week, or $62,353.20 per year. Employees paid below the applicable threshold do not qualify for these exemptions.
NY founders hiring hourly or newly-exempt staff must raise pay to the new floors and re-check that salaried managers still clear the higher exempt threshold, anyone below it must be reclassified as overtime-eligible. Rebudget 2026 payroll now and note that from 2027 these numbers climb automatically with inflation, so build in headroom.
The Fair Work Commission's 2026 Annual Wage Review (handed down early June 2026) raised modern award minimum wages by 4.75% and set the National Minimum Wage at $26.44 per hour ($1…
For the 2026/27 tax year (from 6 April 2026), employer Class 1 National Insurance remains at 15% and the secondary threshold at which it becomes payable stays at £5,000 per year, c…
On Aug 6, 2026 the IRS issued Fact Sheet FS-2026-13, replacing its January guidance on OBBBA's new deduction for qualified overtime compensation. Employers must now separately repo…
From 1 July 2026, Australian employers must pay the 12% super guarantee on the same day they pay wages, instead of quarterly, and contributions must reach each employee's fund with…
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