NYS Minimum Wage
Minimum wage has been a hot topic for small business owners across the country for many years. Having been a major talking point in the recent 2016 general election, the movement toward a $15 minimum wage has hit the main stream for law makers and department of state officials. Fortunately for small and medium sized businesses they are given some time to progressively increase the wages for their employees . The chart below is a schedule for the next few years that will set the stage in New York to offer it's residents a more livable wage base.
New York City 10 or fewer Employees 11 or More Employees
December 31, 2016 $10.50 $11.00
December 31, 2017 $12.00 $13.00
December 31, 2018 $13.50 $15.00
December 31, 2019 $15.00
Nassau, Suffolk and Westchester All Workforce Sizes
December 31, 2016 $10.00
December 31, 2017 $11.00
December 31, 2018 $12.00
December 31, 2019 $13.00
December 31, 2020 $14.00
December 31, 2021 $15.00
New York City and a few other counties have a more aggressive growth schedule due to the cost of living in those areas compared to the rest of the state.
The Rest of New York State All Workforce Sizes
December 31, 2016 $9.70
December 31, 2017 $10.40
December 31, 2018 $11.10
December 31, 2019 $11.80
December 31, 2020 $12.50
December 31, 2021 $15.00
Thankfully, the state understands the pressure on small businesses to increases wages by allowing them time to adjust their operations, price management, and workforce size to accommodate such an increase. After December 31st, 2016 the minimum wage will be increased to $9.70 in New York State. The following years will be $10.40, $11.10 so on and so forth. Make sure your payroll providers are aware of the new changes.
Keep up to date with labor laws in your county by visiting https://www.labor.ny.gov/home/