New Jersey Minimum Wage Increases: Everything You Need to Know

New Jersey Minimum Wage Increases: Everything You Need to Know
What’s the minimum wage in New Jersey in 2024? Learn more about how your business can prepare for changes to wage requirements.
by Square Nov 10, 2023 — 2 min read
New Jersey Minimum Wage Increases: Everything You Need to Know

As always, to make sure your business is prepared and stays in compliance, we recommend that you discuss these upcoming changes to the New Jersey minimum wage with your accountant and lawyer. This article does not constitute legal advice.

What is the minimum wage in New Jersey for 2024?

Effective January 1, 2024, New Jersey’s minimum wage will increase to $15.13 per hour for most employees, which is $7.88 more than the current federal minimum wage.

However, there are exceptions:

Overtime work for non-salaried employees is required in New Jersey and must be paid as time and a half. However, employers are not obligated to pay overtime for weekends and holidays.

 

Will New Jersey raise its minimum wage in 2024 and beyond?

The New Jersey minimum wage will be set at $15.13 per hour for most employees on January 1, 2024.

How should small business owners prepare for changes that are being made?

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