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Important Update for Employers: State Minimum Wage Increases

Several states are implementing new minimum wage increases that take effect on July 1, 2024, and beyond. Employers must stay informed about these changes to ensure compliance and make necessary adjustments in their payroll systems. Below is a summary of the key updates and recommended next steps for employers. 

Increases Effective July 1, 2024 

  • District of Columbia (DC) – The minimum wage will increase to $17.50 per hour. The minimum base wage for tipped employees will increase to $10 per hour. 
  • Nevada – The minimum wage will increase to $12 per hour for all employers. This increase will eliminate the tiered minimum wage rates currently allowed by the state based on whether employers offer qualifying health benefits. 
  • Oregon – The minimum wage will increase to $14.70 ($13.70 for rural counties). 

Increases Effective September 30, 2024 

  • Florida – The minimum wage will increase to $13.00 per hour. 

Next Steps 

Staying compliant with state minimum wage laws is a legal obligation and critical to maintaining a fair and equitable workplace. By taking the necessary steps to update payroll systems, communicate with employees, and adjust budgets, employers can ensure a smooth transition to the new minimum wage rates. To ensure compliance with the new minimum wage laws, employers should take the following steps: 

  • Review and Update Payroll Systems  Ensure your payroll systems are updated to reflect the new minimum wage rates. This will help prevent any discrepancies in employees’ paychecks. 
  • Communicate with Employees  Inform your employees about the upcoming changes in the minimum wage. Clear communication helps in maintaining transparency and trust within the workplace. 
  • Adjust Budgets Accordingly  Review and adjust your budgets to accommodate the increased labor costs. This may involve re-evaluating your overall expenses and making necessary adjustments to stay within budget. 
  • Conduct a Wage Audit – Perform a wage audit to ensure that all employees are being paid according to the new minimum wage requirements. This is particularly important for employers with multiple locations across different states. 
  • Seek Legal and HR Guidance  Consult with legal and HR professionals to ensure full compliance with the new wage laws and address any potential issues. 
  • Plan for Future Increases – Stay informed about any potential future increases in the minimum wage and plan accordingly. Keeping up to date on legislative changes will help in making timely adjustments and avoiding any compliance issues. 

HR Works, headquartered in Upstate New York, is a human resource management outsourcing and consulting firm serving clients throughout the United States for over thirty years. HR Works provides scalable strategic human resource management and consulting services, including: affirmative action programs; benefits administration outsourcing; HRIS self-service technology; full-time, part-time and interim on-site HR managers; HR audits; legally reviewed employee handbooks and supervisor manuals; talent management and recruiting services; and training of managers and HR professionals.