As expected, the NYS DOL passed the salary threshold increases for exempt executive an administrative employees… I have shared the announcement from our labor attorney’s blog below.
If you have any exempt executive or administrative employees who are paid less than the current thresholds, you must increase their salary to at or above that threshold or you must reclassify them as nonexempt by December 31st.
A chart summarizing the changes can be reviewed by following this link-see page 3. https://labor.ny.gov/formsdocs/wp/Part142.pdf
So far, no news on the US DOL changes.
Please review your exempt employee salaries ASAP and report any necessary salary changes to your client service representative at TBM. If you need a report of your salaries, please contact them directly.
We will be following the US DOL for changes and will update you if needed.
John Bagyi, Esq., SPHR, SHRM-SCP | Dec 28, 2016
As expected, this morning, the New York State Department of Labor published its final rule increasing the salary threshold applicable to exempt executive and administrative employees in New York State.
While the ultimate fate of the US DOL’s regulations remains unclear, New York employers now know that the salary threshold applicable to exempt executive and administrative employees will increase effective December 31st.
As previously reported, under New York’s Labor Law, the salary threshold for executive and administrative employees (NY law does not set a salary threshold for professional employees and thus the federal salary of $455 applies) is currently $675 per week – 75 times the current minimum wage of $9.00. With the minimum wage set to gradually increase in coming years (at different rates depending on geography), the New York Department of Labor has implemented corresponding increases in the applicable salary threshold. The first of these increases will take effect in just three days.
Read this article here.