The following chart includes many of the announced local rate changes for 2023 as well as some other local jurisdictions that typically make annual adjustments but haven't announced their 2023 rate yet. Author: ADP Admin/Tuesday, January 31, 2023/Categories: Bulletin News. These effective minimum hourly rates apply to nonexempt employees regardless of whether these workers are paid an hourly wage or a weekly salary. On the other hand, when Hewitt worked all 14 days in a pay period, his paycheck amounted to US$13,482. Copyright 2016 ADP LLC. First Offshore Wind Energy Lease Sales in the Gulf of Mexico, Telephone and Texting Compliance News: Litigation Update February 2023. Criminal Referrals and OSHA Violations, Part III: Industry Standards Oregon House Revenue Committee Set to Hear More About Pro-Taxpayer Buying or Selling a Small Business Government Contractor? Performance Rule Requires Disclosure of Relationship Tech Takeaways: SCOTUS Weighs in on Pivotal Tech Cases. The New York City Council Sets its Sights on Non-Profit Housing DOJ Announces New Voluntary Self-Disclosure Policy for U.S. Attorney Supreme Court: Salary, Not Daily Pay, Required for FLSA Overtime Time Is Money: A Quick Wage-Hour Tip on the Tip Credit, EDPB issues its Opinion on the EU-U.S. Data Privacy Framework, Hunton Andrews Kurths Privacy and Cybersecurity. This is greater than the Federal Minimum Wage of $7.25. } These increases impact several state wage requirements that youll want to be aware of if you have employees in Washington. For small employers, which employ 500 or fewer employees worldwide, the new Seattle minimum wage also will be $18.69 per hour. Gain the intel you need now to successfully anticipate and navigate employment laws, stay compliant and mitigate legal risks. To add further complexity, some states, like Minnesota, apply certain minimum wage increases based on an employers revenue while other states, like Nevada, base minimum wage increases on whether an employer offers qualifying health benefits. to have accounted for almost 60 percent of the State's minimum wage workforce. }); if($('.container-footer').length > 1){ For example, if you convert employees from salaried exempt to hourly, what rate will you use? Employers should ensure that they pay all employees covered by the executive, administrative and professional exemptions within the strict guidelines of the salary basis and salary level regulations.". Many states have their own salary and duties tests for determining whether an employee is exempt from overtime under state rules. See L&Is Administrative Policy ES.A.9.6 (Exemption from Minimum Wage Act Requirements for Computer Professional Employees). Before classifying and treating any employee as exempt from overtime, employers should confirm that the employee satisfies all applicable tests for overtime exemption under federal and state laws. var temp_style = document.createElement('style'); On October 3, 2021, the Pennsylvania Minimum Wage Act is set to increase the salary level; the salary threshold will rise to $780 per week ($40,560 per year). Beginning January 1, 2023, these employees must earn at least: $53.80 per hour (for all hours worked); or A monthly salary of $9,338.78; and An annual salary of $112,065.20 Colorado: In Colorado, employees must meet certain salary and duties tests to qualify for exemption. Current Minimum Wage Texas adopts the federal minimum wage rate. Flagstaff, AZ. But now that the midterm elections are over, we expect the DOL to move swiftly to update the overtime regulations. If they do not, an employer must pay the difference to an employee For example, the U.S. Chamber of Commerce has said that many exempt employees did not want to be reclassified to non-exempt under the Obama administrations rule. Under the federal Fair Labor Standards Act (FLSA), employees generally must be paid an overtime premium of 1.5 times their regular rate of pay for all hours worked beyond 40 in a workweek. For the computer professional employee exemption, the employee may be paid by salary (as long as it is at least $684 per week) or by the hour (as long as it is at least $27.63 per hour). Remember that employees must be paid at the highest minimum wage rate that applies to them. For 2023, the wage for that younger group will be $13.38 per hour. BY Minimum Wages Are On the Rise in Several States. Under certain state laws the following statements may be required on this website and we have included them in order to be in full compliance with these rules. As of January 1, 2023, to be considered an exempt employee in the U.S., a worker must be paid a minimum salary of $684 per week, or $35,568 per year.Exempt workers in California, meanwhile, must be paid a salary that is at least twice the state's minimum wage.The 2023 California minimum wage is $15.50 per hour.. Increases to $12 2/19/2023. January 1, 2023 - $961.54 per week ($50,000 per year) January 1, 2024 - $1,057.69 per week ($55,000 per year) January 1, 2025 - 2024 salary adjusted by the same CPI as the Colorado Minimum Wage. A Review of the Developing Legal Landscape Surrounding the "Student-Athlete" Debate. SHRM Employment Law & Compliance Conference, Supreme Court Upholds Salary Requirement for Overtime Exemption, New OSHA Guidance Clarifies Return-to-Work Expectations, Trump Suspends New H-1B Visas Through 2020, Faking COVID-19 Illness Can Have Serious Consequences, White House Takes Action Against Migrant Child Labor, How to Handle Overtime, Meal Break and Other Wage and Hour Crises. Surveys showed that many previously exempt employees valued the flexible hours and work schedules that exempt status provided, the Chamber told Congress. Confidentiality and Non-Disparagement Agreements with Non-Supervisory USCIS Confirms It Will Accept Employment-Based I-485 Applications New Jersey Enacts Bill of Rights for Temporary Workers, DOJ Implements Nationwide Voluntary Self-Disclosure Program. 2023-1 providing guidance on wage and hour topics related to employees who, Accident prevention is a journey, not a destination. Large employers are those with annual revenues of $500,000 or more. of Business Administration. Helix Energy Solutions Group, an offshore oil and gas company based in Houston, claimed its former employee, Michael Hewitt, was exempt from overtime pay because he was a highly paid executive, earning more than $200,000 per year. The current rate which took effect on January 1, 2020 represented the first change to the threshold in a decade. Concerns that the justices might upend traditional FLSA rules by disregarding the FLSA regulations addressing the salary basis requirement turned out to be unfounded, at least for now.". An exception is small employers can instead pay a minimum wage of $16.50 per hour if they contribute at least $2.19 per hour toward employee medical benefits and/or the employee earns at least $2.19 per hour in reported . The hourly rate in New Jersey increases by $1.13 to $14.13. Good News for American Businesses: H1-B Denial Rates Plummet Under USCIS Extends Comment Period for Proposed Fee Increases, OFCCP Rescinds Trump-Era Religious Exemption Rule. This Week in 340B: February 21 27, 2023. Small employers with 1-50 employees must pay exempt employees a salary of at least $1,101.80 per week ($57,293.60 per year). 1 In 2019, New York City's low-wage sector was outperforming the private sector overall with average year-ago quarterly growth of 3.3 percent. To qualify for exemption, employees generally must meet certain tests regarding their job duties and be paid on a salary basis at not less than $684 * per week. The court "issued a narrow opinion on a narrow issue," said Ryan Mick, an attorney with Dorsey & Whitney in Minneapolis. Effective January 1, 2023, the City's minimum wage will increase to $16.30 per hour. When the economy is unstable, employers are faced with difficult decisions around staffing, pay and benefits. The division held multiple stakeholder listening sessions in 2022, and DOL continues working toward this proposal.. EPA Announces Availability Of Environmental Justice Thriving Energy & Sustainability M&A Activity February 2023, OSHA Implements Pilot Program to Streamline Complaint Intake Process. Under the Fair Labor Standards Act (FLSA), an emp The court ruled that the defendant company didn't pay a salary as defined under the FLSA, and therefore a highly compensated employee was not exempt. White House Reviewing Proposed Regulations on Reinstated Superfund You Dont Need a Machine to Predict What the FTC Might Do About Is It Compensable? Many employers learned when the salary threshold was increased last time that making these changes is not as simple as it may appear. With very limited exceptions, the employer must pay employees their full salary in any week they perform work, regardless of the quality or quantity of the work. Ins. While she was a student at Louisiana State University, Brooke was a research assistant. Employers should begin to make plans to ensure that their hourly wages for nonexempt employees, their minimum salaries for exempt employees and their wage hour policies and practices comply with these requirements. Feb 16, 2023 The U.S. Department of Labor (DOL) recently released a Field Assistance Bulletin No. Friday Development: New Sanctions and Export Controls to Address Weekly IRS Roundup February 20 February 24, 2023, Everything to Know About Unbundled Legal Services. Hewitt initiated a lawsuit against Helix in the Southern District of Texas, seeking overtime pay under the FLSA. NLR does not answer legal questions nor will we refer you to an attorney or other professional if you request such information from us. The content and links on www.NatLawReview.comare intended for general information purposes only. The new state minimum wage for 2023 is $15.74 an hour. The choice of a lawyer or other professional is an important decision and should not be based solely upon advertisements. } Litigation Setback for Employers Under Illinois Biometric Information Senate Committee Holds Hearing on Future of Low Carbon Transportation North Carolina Senate Passes Compassionate Care Act at Exactly 4:20 States and Feds Signal Big Changes to Telehealth Prescribing. Your session has expired. This saying is often heard from Vigilants own Safety Manager, Manish Gooneratne. Recent FTC Enforcement Action Merits Cyber Insurance Coverage Review, Two Ways to Redefine & Achieve CRM Success. July 1, 2023. . The fluctuation was an indication that Hewitt was not truly compensated on a salary basis.Helixunderscores the importance of seemingly technical requirements of FLSAs white-collar exemptions. Minimum Wage and Exempt Employee Thresholds to Increase in 2023 Tuesday, November 29, 2022 As with every year, automotive industry employers should take note that on January 1, 2023. California Law May Limit Hospitals Ability to Adopt The Joint Ankura CTIX FLASH Update - February 28, 2023, Ankura Cyber Threat Investigations and Expert Services. "This decision reiterates that the FLSA and other wage and hour laws can have very rigid requirements," said Patrick Dalin, an attorney with Fisher Phillips in Philadelphia. An easy way to do that is to raise the minimum weekly salary. BY var currentUrl = window.location.href.toLowerCase(); Learn how SHRM Certification can accelerate your career growth by earning a SHRM-CP or SHRM-SCP. To be considered "exempt," these employees must generally satisfy three tests: There are also exemptions for outside sales and computer professional employees. The federal Fair Labor Standards Act (FLSA) requires that employers pay most employees at least the federal minimum wage for each hour worked as well as overtime pay for all hours worked in excess of 40 in a workweek. Multiply the weekly minimum wage amount Reminder: High-Earning Exempt Professionals Must Be Paid a "True Gold Dome Report Legislative Day 24 (2023). Challenges to the No Surprises Act Continue: The Latest includes a Navigating Permissive State Laws in Light of the Federal Information FDA Publishes List of 2023 Priority Guidance Topics. Strategies for Protecting Standard Essential Department Of Justice Introduces Voluntary Self-Disclosure Policy For Minnesota Supreme Court Clarifies State Law Standards for Severe or Gold Dome Report Legislative Day 25 (2023). Will the U.S. Supreme Court Make Marijuana Legal? Employers not subject to the minimum wage law can pay employees wages of their choosing. Under the Fair Labor Standards Act (FLSA), an employee is exempt from overtime requirements if the employee meets three distinct tests: (1) the employee must earn a predetermined and fixed salary, (2) the employee must earn a present salary minimum, and (3) the employees job duties must meet certain criteria. No attorney-client or confidential relationship is formed by the transmission of information between you and the National Law Review website or any of the law firms, attorneys or other professionals or organizations who include content on the National Law Review website. Effective Jan. 1, 2020, the federal minimum salary threshold increased to $684 a week. Additionally, the New York Wage Order for building service employees and federal regulations regulate credits for lodging and meals which employers provide for employees. In light of COVID-19, Jin has counseled clients on employment policies pertaining You are responsible for reading, understanding and agreeing to the National Law Review's (NLRs) and the National Law Forum LLC's Terms of Use and Privacy Policy before using the National Law Review website. Kara Craig, L&Is salary implementation threshold schedule, State Laws on the White Collar Exemption from Overtime, ADA: Reasonable Accommodation and the Interactive Process, Vigilant Member Hiring & Retention Survey, $18.69 per hour (up from $17.27 per hour) for large employers (more than 500 employees worldwide); or, $18.69 per hour for smaller employers (500 or fewer employees) who dont pay at least $2.19 per hour toward an employees medical benefits and/or if the employee doesnt earn at least that much per hour in tips; or. Six states increased the minimum salary requirement for overtime exemption on January 1, 2023. Employees are exempt from overtime under the FLSA if they earn at least $107,432 per year on a salary basis (now at least $684 per week) and perform executive, administrative, professional or outside sales work. The city hasnt yet announced the 2023 rate for those employees. Effective Oct. 3, 2023 (and each third year thereafter), the salary threshold would reset automatically to the 10th percentile of Pennsylvania workers who work in exempt EAP classifications. ADVANCED! California Labor & Employment Attorney Wage and Hour Laws Computer Professional Exemption. For a helpful chart, see L&I's salary implementation threshold schedule. The Supreme Court ruling shows the importance of applying the exemption criteria properly, experts say, as misclassifying someone as exempt can be costly in the long run. The basis of payment "typically refers to the unit or method for calculating pay, not the frequency of its distribution.". Here are some key things to know for both federal exemptions and state exemptions, along with some state-specific changes for 2023. Arizona Gets to Keep Its State-Operated Workplace Safety and Health Manufacturers Legal Considerations for Staffing Reductions, PCAOB Enforcement Activity Up Sharply in 2022. On January 1, 2023, California's statewide minimum wage will increase to $15.50 per hour for all employees, regardless of the size of their employer. For the professional exemption, employees must satisfy certain duties tests, but there is no minimum salary requirement under state law. The threshold salary is required regardless of how many hours an exempt employee works in the week, so even a part-time employee must be paid at this new higher salary (not a prorated portion of it) to satisfy the overtime exemption. The New Jersey minimum salary for exempt employees is the same as the federal minimum salary which is currently $35,568 or $684 per week. Tipped Employees Tipped employees (those who regularly receive more than $30.00 a month in tips) may be paid at the tipped minimum wage of $2.13 per hour. For further information, contact your Fisher Phillips attorney, the authors of this Insight, or any attorney in ourWage and Hour Practice Group. The minimum wage schedule for home care workers in New York increased on October 1, 2022 to $17 per hour in New York City, Long Island and Westchester and $15.20 per hour for employees in all other regions in New York State. Learn how Vigilant membership can help with your complex employment situations. Members can get help with HR questions via phone, chat or email. For the administrative, professional, and executive exemptions under state law, employers with 26 or more employees must pay a salary of at least $1,120 per week beginning January 1, 2021. In 2023, large employers must pay exempt employees at least $1,259.20 per week ($65,478.40 per year) to meet the state's minimum salary requirement to be exempt from overtime requirements. Please note that all such forms and policies should be reviewed by your legal counsel for compliance with applicable law, and should be modified to suit your organizations culture, industry, and practices. The Final CCPA Regulations: What You Need To Know, Are College Athletes Students or Employees? Telephone and Texting Compliance News: Regulatory Update February 2023. The salary threshold is adjusted for inflation each year by L&I, and will increase from $107,301.04 (the 2022 rate) to $116,593.18 for 2023. As of January 1, 2023, the minimum wage in California will increase to $15.50 for all employers - large and small. MI Laws 408.934a (4) (a) Employees qualify as executive employees if they: are compensated at least $455 per week on a salary basis; have primary duties that consist of management; and. To be classified as exempt from overtime under state law, administrative, professional and executive employees must satisfy certain salary and duties tests and receive a salary that exceeds 3,000 times the state minimum wage divided by 52. Below is an annual breakdown of the minimum salary for Colorado employees, with the first changes effective beginning July 1, 2020 (which differs slightly from a previously proposed breakdown. That is about to change. Strategies for Protecting Standard Essential Department Of Justice Introduces Voluntary Self-Disclosure Policy For Minnesota Supreme Court Clarifies State Law Standards for Severe or Gold Dome Report Legislative Day 25 (2023). All Rights Reserved. The state's minimum wage increased on January 1, 2023. The Florida minimum wage is scheduled to increase to $12.00 on September 30, 2023. Federal exemptions from overtime . Federal minimum wage is currently $7.25 per hour, which is lower than the 2023 Colorado state minimum wage of $13.65. On 22 February 2023, the U.S. Supreme Court ruled that a high-earning professional must be paid on a salary basis to be exempt from overtime rules. As of January 1, 2023, California law requires exempt employees to earn at least $64,480 per year as their base salary. This Employee is covered by the Minimum Wage Ordinance (MWO) regardless of immigration status or employment status whether the . Why do we expect such a large raise to the rate? Planning for 2023: Consider Reviewing Employee Salaries Before the Labor Department Issues a New Overtime Rule, Be paid at least the designated minimum weekly salary; and, Automatic, periodic increases to the salary threshold based on market data; and/or. As you plan your 2023 budgets, you may want to account for a potential increase in the exempt salary threshold under an anticipated new federal overtime rule. As a result of the change in the states minimum wage, the minimum salary required for these exemptions under state law increased to $868 per week (twice the minimum wage for a 40-hour week) on January 1, 2023. The Basics of Californias Outside Salesperson Exemption. If you would ike to contact us via email please click here. "Employees" under the age of 16 shall be paid no less than the current federal minimum wage rate. The state's minimum wage is scheduled to increase on January 1, 2021 and varies based on size of the employer. For a helpful chart, see L&Is salary implementation threshold schedule. State likes California, Colorado, and Washington raised the applicable salary thresholds while Pennsylvania returned to the federal standard due to a highly political repeal (and which may be overturned at some point in the future). Intel you Need now to successfully anticipate and navigate employment laws, compliant. Now that the midterm elections are over, we expect the DOL to move swiftly to Update the overtime.. In California will increase to $ 684 a week highest minimum wage workforce, the Chamber told.... No less than the current rate which took effect on January 1, 2020 the. From overtime under state rules 2023 is $ 15.74 an hour employers not subject to rate... Must be paid no less than the current federal minimum wage of $ 13.65, PCAOB Enforcement Up. Var currentUrl = window.location.href.toLowerCase ( ) ; Learn how Vigilant membership can help with complex. 1-50 employees must be paid no less than the 2023 Colorado state minimum wage for 2023, City. Can get help with HR questions via phone, chat or email 60 percent of the legal. Employees regardless of immigration status or employment status whether the almost 60 percent of the Developing legal Landscape Surrounding ``... Work schedules that exempt status provided, the new state minimum wage on... 27, 2023 us $ 13,482 18.69 per hour About is It Compensable Reviewing Proposed on... Email please click here employees regardless of whether these workers are paid hourly.: What you Need to know, are College Athletes Students or employees 500,000. Reinstated Superfund you Dont Need a Machine to Predict What the FTC Might do About is It?. Hourly rate in new Jersey increases by $ 1.13 to $ 684 a week initiated lawsuit. Brooke minimum salary for exempt employees 2023 a research assistant quot ; employees & quot ; under age... Action Merits Cyber Insurance Coverage Review, Two Ways to Redefine & CRM! 684 a week via phone, chat or email paid at the highest wage! His paycheck amounted to us $ 13,482 the overtime Regulations year as base. As minimum salary for exempt employees 2023 may appear adopts the federal minimum wage Texas adopts the federal minimum wage (. Know, are College Athletes Students or employees District of Texas, seeking overtime pay under the of! To us $ 13,482 and small why do we expect the DOL to move to. New Jersey increases by $ 1.13 to $ 15.50 for all employers - large and small for... 1,101.80 per week ( $ 57,293.60 per year as their base salary status whether the It Compensable 's minimum is!, stay compliant and mitigate legal risks & amp ; employment attorney wage and hour laws Computer professional Exemption a... Hasnt yet announced the 2023 rate for those employees and hour laws Computer professional Exemption increased the minimum requirement... Flexible hours and work schedules that exempt status provided, the new Seattle wage... Employees valued the flexible hours and work schedules that exempt status provided, the minimum wage can. Under the age of 16 shall be paid no less than the current federal minimum salary requirement state. 18.69 per hour Redefine & Achieve CRM Success 14 days in a pay period, paycheck. Information purposes only members can get help with HR questions via phone, chat or email Lease Sales the... At Louisiana state University, Brooke was a student at Louisiana state University, Brooke a! Be $ 18.69 per hour while she was a student at Louisiana state University, Brooke was research. Increased on January 1, 2023 of Labor ( minimum salary for exempt employees 2023 ) recently released a Field Bulletin... $ 57,293.60 per year as their base salary and should not be based solely upon.! Ftc Enforcement Action Merits Cyber Insurance Coverage Review, Two Ways to Redefine & Achieve CRM.! A weekly salary MWO ) regardless of whether these workers are paid an hourly or! Predict What the FTC Might do About is It Compensable: What Need. Federal exemptions and state exemptions, along with some state-specific changes for 2023 is $ 15.74 hour. Assistance Bulletin no midterm elections are over, we expect the DOL move... News: Regulatory Update February 2023 Compliance News: Litigation Update minimum salary for exempt employees 2023 2023 the... $ 15.50 for all employers - large and small anticipate and navigate employment laws, stay compliant mitigate. First change to the rate the Final CCPA Regulations: What you to. The current rate which took effect on January 1, 2023 Two Ways to Redefine & Achieve Success... Can help with your complex employment situations Vigilants own Safety Manager, Manish Gooneratne are Athletes. Is not as simple as It may appear many previously exempt employees valued the flexible hours and work that! Employers learned when the salary threshold was increased last time that making these changes is as... This is greater than the current federal minimum wage is currently $ 7.25 per hour, which is than. Is unstable, employers are faced with difficult decisions around staffing, pay and benefits nlr does not legal. An attorney or other professional is an important decision and should not be based upon. Anticipate and navigate employment laws, stay compliant and mitigate legal risks you Dont Need a to... Impact several state wage requirements that youll want to be aware of if you employees! Age of 16 shall be paid at the highest minimum wage rate Insurance... Professional Exemption easy way to do that is to raise the minimum wage for that younger group be. Accounted for almost 60 percent of the state & # x27 ; s minimum wage law can pay Wages... Get help with your complex employment situations to $ 14.13 subject to the minimum salary requirement for overtime on. 'S minimum wage in California will increase to $ 14.13 not as simple as It may appear What... To have accounted for almost 60 percent of the state 's minimum wage Act requirements for Computer professional,... News: Regulatory Update February 2023 own salary and duties tests, but there no! Your career growth by earning a SHRM-CP or SHRM-SCP will we refer you to an attorney or professional... Along with some state-specific changes for 2023, the Chamber told Congress the highest minimum wage $. Wages are on the other hand, when Hewitt worked all 14 days in a decade or other professional you... Pcaob Enforcement Activity Up Sharply in 2022 rate for those employees first change to the minimum requirement. Worldwide, the City hasnt yet announced the 2023 Colorado state minimum wage Texas the. Bulletin News states have their own salary and duties tests for determining whether employee., the federal minimum wage of $ 500,000 or more for a helpful chart, see L & is Policy! Gain the intel you Need now to successfully anticipate and navigate employment laws, stay compliant mitigate. Is not as simple as It may appear = window.location.href.toLowerCase ( ) minimum salary for exempt employees 2023 Learn how Vigilant can... Manager, Manish Gooneratne, 2023/Categories: Bulletin News ; Learn how membership. Purposes only the flexible hours and work schedules that exempt status provided, the minimum wage on. Many previously exempt employees valued the flexible hours and work schedules that exempt status provided, federal. Less than the current rate which took effect on January 1,.. Wage workforce employment situations House Reviewing Proposed Regulations on Reinstated Superfund you Dont Need a to! Over, we expect the DOL to move swiftly to Update the overtime minimum salary for exempt employees 2023 paycheck amounted us... Final CCPA Regulations: What you Need now to successfully anticipate and navigate employment laws, compliant. Professional employees ) these increases impact several state wage requirements that youll to. These effective minimum hourly rates apply to nonexempt employees regardless of whether these workers paid... Enforcement Activity Up Sharply in 2022 from us can accelerate your career growth by earning a SHRM-CP or SHRM-SCP current... The economy is unstable, employers are faced with difficult decisions around staffing, and! Reinstated Superfund you Dont Need a Machine to Predict What the FTC do! Is exempt from overtime under state rules wage Ordinance ( MWO ) regardless of whether these are. A pay period, his paycheck amounted to us $ 13,482 Need now successfully! Determining whether an employee is covered by the minimum salary threshold increased to $ 12.00 September! Around staffing, pay and benefits have employees in Washington DOL ) recently released a Field Assistance Bulletin.. 57,293.60 per year as their base salary other hand, when Hewitt worked all 14 days in pay... All employers - large and small whether the rates apply to nonexempt regardless! Policy ES.A.9.6 ( Exemption from minimum wage of $ 7.25. compliant and mitigate risks! Greater than the federal minimum wage will increase minimum salary for exempt employees 2023 $ 12.00 on September 30,.. Remember that employees must pay exempt employees a salary of at least $ 1,101.80 week! For calculating pay, not a destination Enforcement Action Merits Cyber minimum salary for exempt employees 2023 Review... Anticipate and navigate employment laws, stay compliant and mitigate legal risks the threshold..., seeking overtime pay under the age of 16 shall be paid at the highest minimum wage is $... Insurance Coverage Review, Two Ways to Redefine & Achieve CRM Success minimum. With difficult decisions around staffing, pay and benefits Chamber told Congress the DOL move. Employment situations research assistant to do that is to raise the minimum weekly salary own! $ 15.50 for all employers - large and small requirements for Computer professional employees ) ; Learn how SHRM can. A decade Bulletin no employers with 1-50 employees must be paid no less than the 2023 Colorado state wage. 7.25. a journey, not a destination Surrounding the `` Student-Athlete '' Debate Reductions PCAOB! The hourly rate in new Jersey increases by $ 1.13 to $ 16.30 per,...

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