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Country Details

Currency

United States Dollar (USD)

Official language

English

Capital

Washington, D.C

Is English spoken?

Yes

Time Zone

GMT - 4:00

Salary payment frequency

Bi-monthly

General Overview & Economic Facts

Information

The main exports include computers, almonds, diamonds and agricultural products
12.91% of the population is between the ages of 15 and 24 years, with 38.92% of the population being between the ages of 25 and 54. The United States has a more mature demographic with the average age being 38 years old

Population size

32,82,39,523

GDP

$26,855B

Inflation level

2.80%

Average earning + minimum wage

Average earning- $59,384 per annum
Minimum wage -
New York City and Long Island- USD 15.00 per hour
Remainder of New York- USD 13.20

Overview of the labour law

The United States Labour Law sets the rights and duties for employees, labour unions and employers in the United States. The basic goals of the labour law are to ensure there is no inequality of bargaining power between employees and employers. The laws further assist in eliminating discrimination and promoting equality at work.
Employees in the United States have the right to join a trade union and the right to join a trade union without facing discriminatory labour practices. Contracts of employment can always improve the statutory minimum rights employees are entitled to but cannot diminish them.
New York is an “employment-at-will” state which means that either the employee or employer can terminate the employment agreement at any time unless there is a specific law preventing this form occurring.

Employment Details

Number of Public Holidays

11

Working Hours

No maximum number of working hours per day. Minimum meal interval of 30 minutes. Typical working hours are 09h00 to 17h00 Monday to Friday

Benefits
  • Health Insurance
  • Vision Insurance
  • Dental Insurance
  • Pension or 401(K)
  • Mental Health Support
  • Life and Disability Insurance
Overtime

There are no maximum overtime hours in New York. Employers in New York must pay employees 1.5 times the established wage rate for any hours over 40 worked in a week

Notice Period

As an employment-at-will state, New York employers are not required to give advance notice to employees upon termination

Probation Period

There is no mandatory probation periodTypical probation periods are 6 months to a year

Severance Pay

Employers are not legally required to offer their employees a severance package. Employees must be paid all wage due to them at the time of termination

Employee Income tax

Income bracket per annum. Calculated on gross monthly remuneration

USD 0.00 – 17,150.00 4.00%

USD 17,151.00 – USD 23,600.00 USD 686 + 4.50% of the amount over USD 17,150.00

USD 23,601.00 – USD 27,900.00 USD976 + 5.25% of the amount over USD 23,600.00

USD 27,901.00 – USD 43,000.00 USD1202.00 + 5.90% of the amount over 27,900.00

USD 43,001.00 – USD 161,550.00 USD 2093.00 + 5.97% of the amount over USD 43,000.00

USD 161,551.00 – USD 323,200.00 USD 9170.00 + 6.33% of the amount over USD 161,550.00

USD 323,201.00 – USD 2,155,350.00 USD 19,403.00 + 6.85% of the amount over USD323,200.00

Employer Social cost
Employee Social cost

Benefit packages

Health Insurance
Vision Insurance
Dental Insurance
Pension or 401(K)
Mental Health Support
Life and Disability Insurance

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