The current federal minimum wage rate is $7.25 per hour, however there are several states that pay more than the federal rate. For example, Rhode Island pays $10.50 per hour. Employers who have locations in these states must have an understanding of the state minimum wage rate and ensure that they pay their employees the greater of the state or federal pay rate level. In the coming year, there will be 24 states and the District of Columbia that will be adopting new minimum wage rates, from as early as January to as late as September 2020. States ranging from Alaska to Washington, are expected to have some change to their minimum wage.
The Compliance Bulletin provides a detailed list of the minimum wage requirements for all 50 states and the District of Columbia as well as the effective dates of the rates and if any tip variance or other stipulation apply.
In addition to the above, Cowden provides various articles and resources to assist with your compliance needs. You may find this article, The Overtime Rule Gets an Overhaul: Are You Ready?, and many others on the Cowden site helpful as you navigate these 2020 compensation changes.
Contact your Cowden representative for more information on this or other compliance issues.