Minimum Wage Nj 2024 Small Business. Which must be up to $15 by 2026. The minimum wage rate in new jersey is linked to the consumer price index (cpi), which is intended to raise the minimum rate along with the.
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) is $13.73, and agriculture workers:
The Rate For Agriculture Workers Will See A Raise In Minimum Hourly Wage To $12.81, Up From $12.01.
Stay compliant and manage your payroll effectively.
The Tipped Minimum Wage Is $5.26.
The increase is part of legislation signed by governor murphy in february 2019 that gradually raises the minimum.
Minimum Wage Nj 2024 Small Business Images References :
What Is The Minimum Wage In New Jersey For 2024?
A lower rate applies to certain groups;
Which Must Be Up To $15 By 2026.
That means most employers will pay this rate, which works out at $ $605.20 per week for employees who work 40 hours.