Nj Minimum Wage 2024 Small Business. The minimum wage in new jersey is $15.13 per hour for most workers, effective january 1, 2024. Effective january 1, 2024, new jersey’s statewide minimum wage is $15.13 for most employees.
Effective january 1, 2024, new jersey’s statewide minimum wage is $15.13 for most employees. This blog will delineate those significant revisions, nj minimum wage 2024, impacts on small businesses, and what’s needed to follow the law.
Effective January 1, 2024, The Minimum Wage In New Jersey For Many Employees Will Rise To $15.13 Per Hour.
A law signed in 2019 gradually raised the minimum wage to $15 per hour by 2024 for most employees.
Currently, The Minimum Wage Is Set To Increase $1 Every Year Until Reaching $15 Per Hour In 2024.
Seasonal and small businesses (fewer than 6 employees) will see their minimum wage increase to $13.73/hour on january 1, 2024;
Nj Minimum Wage 2024 Small Business Images References :
A Full Time Minimum Wage Worker In New Jersey Working Will Earn $605.20 Per Week, Or $31,470.40 Per Year.
The proposal makes new distinctions in new jersey’s wage and hour law, so workers in certain sectors — in particular farmworkers, seasonal workers and employees at small businesses with five employees or less — will have to wait longer to reach a $15 minimum wage.
New Jersey Has A History Of Gradually Increasing Its Minimum Wage To Ensure Fair Compensation.
The increase is part of legislation signed by governor murphy in february 2019 that gradually raises the minimum wage to $15 per hour by 2024 for most employees.