Filed under Office & HR
by Planning A. Head | January 6, 2014
Can you let me know what the 2014 minimum wage rates are for federal purposes and also for the states?
Planning A. Head
Warning: This is a critical topic for business owners meeting payrolls, but it makes for boring reading. Nonetheless, pay close attention to your particular state's rates and dates!
The federal minimum wage increased on July 24, 2009, to $7.25 per hour, and that rate has remained in effect ever since.
Employers of employees who are subject to both state and federal minimum hourly wage rates must comply by paying those employees the greater of the state or federal rates. This also includes states that do not have a state minimum wage rate.
Here are the current hourly rates in effect as of January 1, 2014:
As for the federal requirements, the Department of Labor has a downloadable poster that explains the rules. Remember, all workplaces, by law, must display this poster for all employees to see.
Be diligent and careful incorporating all these changes into your system. Congress only gets inspired to act on this subject every decade or so, but your individual state might make more frequent revisions.