Salary Increase 2024 Guidelines Nj. The level of wages subject to wage taxes in 2024 increases to $42,300 for employers covered under the temporary disability insurance program and for workers. Under the law, folks who work for seasonal employers or those with fewer than six workers will see their minimum wage increase by 80 cents on jan.

Salary increase budgets in 2023 reached their highest level in 20 years, new research shows, and employers are planning to stay fairly aggressive on pay going into next year despite looming. Under the 2019 law, new jersey’s wage floor was set to increase by $1 per year until it reached $15 per hour on jan.