By Randi May and Amory McAndrew ( November 8, 2018, 11:35 AM EST) -- Without much attention or fanfare, New York enacted legislation mandating a series of significant wage increases, including a substantial jump by the end of 2018. Both the minimum wage and the minimum salary level for employees to be exempt from overtime pay will rise again as of Dec. 31, 2018. While other jurisdictions have enacted similar laws, employers in New York must pay their employees between $11.10 and $15 per hour — depending on how many employees they have and where they are located — some of the highest minimum wages in the nation. Likewise, employers in New York that want certain employees to maintain common exemptions must review their payrolls to ensure that the salaries are sufficiently high. For example, a New York City employer with more than 11 employees must pay certain employees a base salary of $58,500 per year if they are to remain exempt....