Minimum Wage Rate Increases for 2014

Posted December 18, 2013 Company News

Minimum Wage Rate Increases for 2014 Most employers in the United States are subject to the minimum wage provisions of the Federal Labor Standards Act (FLSA). These employers are required to pay their employees a wage rate of at least $7.25 per hour. However, many states have adopted minimum wage rates that exceed the federal rate. When federal and state minimum wage rates are different, the one that most benefits the employee prevails.

As of Dec. 1, 2013, 14 states have already announced increases in their minimum wage rate for 2014. These rate increases will require affected employers to pay their employees wage rates higher than the federal rate. Affected employers should review employee wage pay rates and update their minimum wage poster notices as necessary to ensure their compliance with state regulations.

Legislation to increase the minimum wage rate is pending in an additional 14 jurisdictions: Delaware, the District of Columbia, Hawaii, Illinois, Kansas, Massachusetts, Maine, Michigan, Minnesota, Mississippi, North Carolina, New Hampshire, Pennsylvania and Texas.

Henderson Brothers will continue to monitor these developments and update you about any changes.

 


Please note that the information contained in this document is designed to provide authoritative and accurate information, in regard to the subject matter covered. However, it is not provided as legal or tax advice and no representation is made as to the sufficiency for your specific company’s needs. This document should be reviewed by your legal counsel or tax consultant before use.