Navigating the Small Business Modifications Required in NYS for 2022: Tips and Insights
As we approach the end of the year, small businesses in New York State (NYS) face several modifications in the legal and financial landscape. The COVID-19 pandemic’s impact on businesses’ operations dictates many of these shifts, while others are a consequence of new laws applicable to businesses.
Here we delve into the modifications required of small businesses in NYS and highlight the tips and insights to navigate them successfully.
Annual minimum wage increase
Starting December 31, 2021, annual increases will raise the minimum wage in NYS. These changes will vary, depending on where the business is located and its workforce size, but expect to see a 30 cent to $1.50 increase per hour.
As an employer, you need to assess how the wage increase influences your business operating costs, and budget and plan accordingly.
Expanded requirements for paid family leave
From January 1, 2022, the New York Paid Family Leave (PFL) expands to incorporate bereavement leave. The PFL aims to provide job-protected, paid leave to employees looking after a loved one whose health condition requires care or assisting with an unforeseen family emergency. With the PFL expansion, employees will be eligible to take PFL for up to 12 weeks each year, increasing the potential payout by up to 60%.
If you’re a small business owner, it is crucial to be aware of these modifications to adhere to state laws and implement any necessary policy changes.
Revised COVID-19 safety requirements
With the Delta variant resurgence, New York State has reintroduced several COVID-19 safety measures that expire in December 2021. These measures include mask-wearing and vaccination requirements for certain businesses.
To comply with these measures, employers must take proactive steps to ensure employee safety, such as investing in personal protective equipment, vaccination verification, and COVID-19 testing, among others.
Conclusion
As small business owners in NYS, navigating the modifications needed to adhere to state laws can be challenging. However, by staying informed, you can take proactive steps to ease the transition and ensure compliance with state laws. Be sure to keep an eye on legislative updates and new regulations to avoid any unintended noncompliance.
To summarize, the three modifications that small businesses need to prepare for in NYS are an annual minimum wage increase, expansion of the New York Paid Family Leave, and revised COVID-19 safety requirements. As such, it is critical that small business owners continually review their business practices and policies to ensure compliance. By doing so, you can maintain a safe work environment, avoid legal penalties, and achieve long-term success.
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