New York Minimum Wage to Increase in 2014

New York Minimum Wage Increases in 2014

minimum wage new york 2014The state of New York is increasing its minimum wage rate as of December 31, 2013. The new rate is $8.00 per hour.

Employers can plan ahead because New York has also set the minimum wage rates for 2015 and 2016. So here is a summary:

  • Effective December 31, 2013, the hourly rate is $8.00.
  • Effective December 31, 3014, the hourly rate will be $8.75.
  • Effective December 31, 2015, the hourly rate will be $9.00.

How does that compare with the Federal minimum wage? New York is one of only 21 states that have set their minimum wage rate higher than the Federal rate of $7.25 per hour.

Considering the high cost of payroll, business owners are looking for reliable, talented, long-term workers. Yes, hiring can be a painful process; and employers can benefit from our 20+ years of challenges and success as described in our hiring process … and it is free!

See the state of New York Department of Labor website for information about minimum wage and other labor laws.

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