The New Year is fast approaching, along with new state minimum wage requirements for some employers. Before you begin the year, make sure you know the law in your state and be prepared to adjust your wage payments if necessary to comply with any required changes.
Minimum Wage Rate Increases
The following states have announced increases in minimum wage rates effective January 1, 2013:
- Arizona: The minimum wage in Arizona will increase to $7.80 per hour, and $4.80 for tipped employees.
- Colorado: The state minimum wage will rise to $7.78 per hour, and $4.76 for tipped employees.
- Florida: The minimum wage rate will increase to $7.79 per hour in Florida, and $4.77 for tipped employees.
- Missouri: The state minimum wage will rise to $7.35 per hour, and $3.675 for tipped employees.
- Montana: The minimum wage rate in Montana will rise to $7.80 per hour.
- Ohio: The state minimum wage will increase to $7.85 per hour, and $3.93 for tipped employees (except that the federal minimum wage of $7.25 per hour may be paid to employees whose employers gross $288,000 or less per year).
- Oregon: The minimum wage will rise to $8.95 per hour in Oregon.
- Rhode Island: The minimum wage rate in Rhode Island will increase to $7.75 per hour.
- Vermont: The state minimum wage will rise to $8.60 per hour, and $4.17 for tipped employees.
- Washington: The minimum wage in Washington will increase to $9.19 per hour.
Be sure to comply with any city or other local wage requirements (which may be higher than the state or federal minimum wage) that may apply to your business.
Don't Forget to Update Your Poster Wall
In most states, an increase in the minimum wage also means a new poster requirement for employers. You can always find the most up-to-date minimum wage information and posters on your state's labor department website, or you can visit our State Laws section, click on your state, and select Minimum Wage in the left-hand navigation menu.
Have you had a chance to download our free Personnel Recordkeeping Guide? It's a great resource for staying on top of your HR recordkeeping obligations under federal law.
Image Credit: MoneyBlogNewz