Minimum wage in NJ is based on a 40 hour work week. New Jersey’s plan sets forth an incremental set of increases beginning July 1 and ending in 2024. The law incrementally increases the minimum wage… MINIMUM WAGE & OVERTIME WAGE RATE - The New Jersey State Wage and Hour Law establishes a minimum wage rate and overtime rate for all workers in New Jersey that are covered by the Act. Minimum wage rates recommended to be effective from Recommended minimum wage per hour Date of Forum's recommendation Forum's recommendation April 2020 The effective minimum wage for the majority of employers will rise to $12.00 an hour, with seasonal and small employers seeing a rise to $11.10, and the minimum wage for tipped workers rising to $4.13 an hour. New Jersey to increase the minimum wage to $15 by 2024. Minimum-Wage.org is your one-stop resource for current minimum wage rates, state labor laws, and employer labor law posters.Search our database for the current state minimum wage rates and laws in your area, or visit our Minimum Wage FAQ page to get answers to your labor law, minimum wage, or workplace related questions. For most employers, the minimum wage increases to $10 per hour on July 1, 2019 and to $11 on January 1, 2020. New Jersey’s minimum wage will increase for employers on January 1st, 2021. This follows Gov. The minimum wage, the lowest hourly amount that an employee may be paid for their labor, is determined by both state and Federal labor laws in the United States.Under the Federal Fair Labor Standards Act, states and localities are permitted to set their own minimum wage rates, which will take precedence over the Federal minimum wage rate if they are higher. On the surface, increasing the minimum wage may seem like a great idea. The state minimum wage is the same for all individuals, regardless of how many dependents they may have. New Jersey Minimum Wage 2020. The law requires the payment of time and one half per hour for actual hours worked in excess of 40 hours (overtime), with certain exemptions. The current minimum wage in NJ is $8.85 an hour, but the Garden State will see another increase sooner than later with a $10 an hour minimum wage this July (2019). Both New Jersey and the federal government have set a legal minimum wage - New Jersey's is $8.85 per hour, while the federal minimum wage is $7.25 per hour. Employers can pay the lower wage for up to 120 hours for a new hire, provided the employee has no prior experience and is participating in a bona fide training program. The minimum wage will increase $1 every year until reaching $15 per hour in 2024. The new law raises the current rate of $8.85 to $15 by 2024. at (973) 744-4000, or contact us online to schedule a meeting with an experienced New Jersey minimum wage lawyer. The New Jersey Minimum Wage is the lowest hourly wage that an employee working in New Jersey can legally be paid. This table provides a summary comparision of international minimum wage rates with a calculated yearly minimum wage rate for each country in International Dollars, a measure of currency based on the United States dollar in 2009. A week after Gov. In keeping with the gradual increase in the State’s minimum wage levels, the new tiered rates across the State, effective, the minimum wage in New Jersey for … Earlier this year, Gov. As of January 2020, there were 29 states and D.C with a minimum wage higher than the federal minimum. Please call Rabner Baumgart Ben-Asher & Nirenberg, P.C. The new year ushers in New Jersey’s minimum wage increasing to $11 per hour. That's a 35% increase in less than one year. 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