Arkworks on LinkedIn: 2024 State Minimum Wage Rates: New Updates for July 1, 2024 (2024)

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Key Points on Minimum Wage Updates Effective July 1, 2024:Overview:Oregon, Nevada, and Washington D.C. are updating their minimum wage rates on July 1, 2024.Most states update wage rates at the beginning of the year; these three are exceptions.Oregon:Oregon has a three-tiered minimum wage system based on the workplace location.New rates effective July 1, 2024:Portland Metro Area: $15.95Standard Counties: $14.70Non-Urban Counties: $13.70Oregon prohibits taking a tip credit, so no separate tipped employee wage exists.Nevada:As of July 1, 2024, Nevada will eliminate its two-tiered minimum wage system.New statewide minimum wage rate: $12.00No separate tipped employee wage.Washington D.C.:New rates effective July 1, 2024:Standard Minimum Wage: $17.50Tipped Employees: $10.00Initiative 82, passed in 2022, gradually raises the tipped employee wage until it equals the standard wage by July 1, 2027.Existing State Minimum Wage Updates for 2024:Several states updated their minimum wages on January 1, 2024.Examples:California: $16.00New York: $16.00 (NYC and certain counties), $15.00 (rest of the state)Colorado: $14.42 ($11.40 for tipped employees)Maryland: $15.00 ($3.63 for tipped employees)Washington: $16.28 (no separate tipped rate)Employers should check for additional local minimum wage updates and associated labor law poster requirements.Next Steps for Employers:Ensure compliance by updating payroll systems with new rates.Display updated labor law posters reflecting the new minimum wage rates.Monitor local government activities for further changes in minimum wage ordinances.#MinimumWage #EmploymentLaw #HRCompliance #Oregon #Nevada #WashingtonDC #LaborLaw #WorkplaceRights #Staffing #RecruitmentLink to post: https://lnkd.in/gCrvmEP7

2024 State Minimum Wage Rates: New Updates for July 1, 2024 govdocs.com
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Arkworks on LinkedIn: 2024 State Minimum Wage Rates: New Updates for July 1, 2024 (2024)

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