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New Jersey Minimum Wage 2024

Comprehensive guide on the minimum wage rules in NJ

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New Jersey Minimum Wage

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Minimum Wage in New Jersey 2024

The minimum wage rate in New Jersey has been raised to $15.13 per hour for most employees, effective from January 1, 2024. Moreover, the minimum wage has increased to $13.73 for employees working in a small organization(<6), and $12.01 for employees working in agriculture. This minimum wage rate is greater than the federal minimum wage of $7.25 per hour. Employers are required to pay their employees the higher state minimum wage, which, in this case, is $15.13 per hour. This minimum wage applies to most of the employees working in the state of NJ with limited exceptions, including some student workers, minors under the age of 18, salespersons, tipped employees, and other exempt occupations.

Managing labor compliance at large organizations in New Jersey may lead to legal issues if regulations are not followed properly. Learn how organizations are leveraging Replicon’s solutions with built-in compliance modules to solve New Jersey’s minimum wage needs.

What Is the NJ Minimum Wage in 2024?

The minimum wage in New Jersey in 2024 is $15.13 per hour. The weekly minimum wage in NJ comes up to $605.20/40 hours a week. 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 inflation rate. The current minimum wage rate in NJ is re-evaluated yearly based on these values.

New Jersey state’s minimum wage was raised a full dollar from $7.25 to $8.25 per hour when the voters of NJ approved a constitutional amendment in 2013. Then, as Governor Murphy took over, he aggressively worked on increasing the minimum wage as the legislative priority. This is why NJ employees are witnessing an annual increase in the minimum wage, thanks to the legislation signed by Governor Murphy in February 2019 with the motive of increasing the wage floor to $15 by the year 2024.

It is mandatory for all New Jersey Employers to display an approved New Jersey Minimum Wage poster in a prominent place to inform their employees about the minimum wage rules and their rights under the NJ labor laws. Employers of the state of New Jersey are not required to pay their employees $15.13 per hour if their occupation is specially exempt from the minimum wage under state or federal law.

New Jersey State’s Minimum Wage Schedule

Effective Date NJ Large Employers (>6) NJ Small Employers (<6) Agricultural Employers
Jan 1, 2022 $13.00 $11.90 $11.05
Jan 1, 2023 $14.13 $12.93 $12.01
Jan 1, 2024 $15.13 $13.73 $12.81
Jan 1, 2025 $14.30 $13.40
Jan 1, 2026 $15.00 $14.20
Jan 1, 2027 $15.00

Overtime Minimum Wage in New Jersey for the Year 2024

All the employees working in the state of New Jersey are entitled to a minimum wage of at least 1.5 times the regular applicable minimum wage if they exceed 40 weekly hours. The overtime minimum wage will be $22.70 for every additional hour worked beyond 40 hours, which is the weekly cutoff hours for overtime. The FLSA law guarantees adequate overtime compensation for all NJ employees who qualify for the overtime minimum wage rate.

Texas minimum wage 2020

NJ Minimum Wage and Labor Law Posters

According to the Fair Labor Standards Act (FLSA) and the New Jersey Labor Laws, all the employers in the state of New Jersey are required to display an approved New Jersey minimum wage poster and other NJ and federal Law posters. This should be at a prominently visible place to ensure that all the employees are aware of federal and New Jersey State’s labor laws, failing which may result in severe penalties/fines.

New Jersey Minimum Wage Exemptions

According to the FLSA (Fair Labor Standards Act), certain types of workers are eligible for special minimum wage rates. Under the FLSA and New Jersey minimum wage law, employees are eligible for the special minimum wage to pay if they fit into any of the below categories:

  • Student Minimum Wage: Employers are allowed to pay college students or High School students who work part-time, 85% ($12.86 per hour) of the New Jersey minimum wage for up to 20 hours of work per week.
  • Under 20 Minimum Wage: Under the Federal Law, employers in NJ are allowed to pay a new employee who is under the age of 20 years a training wage of $4.25 per hour for the first 90 days of his/her employment.
  • Tipped Minimum Wage: Under this law, employees working in the state of New Jersey who earn a certain amount of tips every month may be paid a lower minimum wage. The minimum wage for tipped employees is $5.26 per hour, effective from January 1, 2024. This is provided that the cash wage paid by the employer and the tips earned together equal the $15.13 per hour minimum wage.

New Jersey’s Take on the Pandemic

Labor Commissioner Robert Asaro-Angelo said that in the wake of the pandemic, the challenges brought by it have shown why it’s important that the Garden State remain on course to a $15 minimum wage. He supports Governor Murphy’s vision for a stronger and fairer economy. The government is working to get their residents into good jobs with sustainable wages and generous benefits.

Frequently Asked Questions on New York State Minimum Wage and Labor Laws:

1. What is the New Jersey minimum wage in 2024?

The New Jersey minimum wage in 2024 is $15.13 per hour. The weekly minimum wage will come up to $605.20 for 40 hours of work per week. There is a provision of special minimum wage for certain exempt employees such as tipped employees, student workers, and other jobs that fall under NJ exempt conditions.

2. What is the minimum wage for tipped employees in NJ?

The minimum wage for tipped employees in New Jersey is $5.26 per hour in 2024. The total minimum wage which a tipped employee earns must be greater than or equivalent to $15.13 per hour, including tips.

3. In New Jersey, how much will I earn working in a minimum wage job?

Under the New Jersey minimum wage law, a full-time minimum wage employee working for 8 hours per day, 40 hours per week will earn $121.04 per day, $605.20 per week, and $31,470.4 per year.

4. How much is the overtime minimum wage in NJ?

All the employees working in the state of New Jersey are eligible for overtime pay of 1.5 times the regular applicable minimum wage. Hence, for the year 2024, the overtime minimum wage in NJ will be $22.70 per hour for every hour worked in excess of the mandated 8 hours per day.

5. What is NJ under the 20 minimum wage rule?

Under the New Jersey youth minimum wage law, all employers in NJ are required to pay a minimum of $4.25 per hour to employees aged 20 years and below for the first 90 days of employment.

Disclaimer: The material provided above is for informational purposes only and is subject to change. We endeavor to keep all material up-to-date and correct but make no representations about the information's completeness, accuracy, or reliability. Laws vary by jurisdiction and are subject to change and interpretation based on individual factors that may differ between organizations. The material is not meant to constitute legal advice and we suggest you seek the advice of legal counsel in connection with any of the information presented.
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ABOUT THE AUTHOR

Deltek | Replicon

Deltek | Replicon provides a comprehensive solution for managing the complex demands of project-based businesses by bringing together Project Delivery Finance, and HR on a single platform. With over 27 years of experience in the industry, Deltek | Replicon's market-leading Workforce Management Solutions provide a single source of truth for Time, Expense, Projects, Resources, Skills, Billing, Costing, Pay, Revenue Recognition, and Compliance.

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