The 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.