Nys Minimum Wage 2024 Salary Exempt. The minimum salary for employees exempt from minimum wage and overtime requirements in 2024 will be either $62,400/year (downstate counties) or $58,458.40/year. The new york state labor department approved new minimum salary thresholds for exempt executive and administrative workers for the next three years.
Salary threshold for overtime exemption. For example, the minimum wage in california will increase for most workers to $16.50/hour, which means the minimum exempt salary will increase to $68,640 annually.