On December 31, 2016, minimum wage for all New York employees is increasing. Please note that Advantage will not automatically increase employees’ rates of pay when these or any other minimum wage increases take effect. This year’s increases are as follows:
General Minimum Wage Rate Schedule as of 12/31/16
|EMPLOYER TYPE/LOCATION||NON-TIPPED EES|
|NYC- large employer (11+ees)||$11.00|
|NYC- small employer (10 or fewer ees)||$10.50|
|Remainder of NY State||$9.70|
In addition to the above changes, new minimum wage rates are also in place for tipped employees. Please see below for the different classifications:
Please speak with your CPA or financial professional if you need help determining what classification your employees fall into.