If you are a business owner with employees across the U.S., your head might be spinning trying to keep up with the seemingly constant state and local law updates and 2023 seems like the year of minimum wage increases.
22 states have increased their minimum wage:
Alaska, Arizona, California, Colorado, Connecticut, Delaware, Illinois, Maine, Maryland, Massachusetts, Minnesota, Missouri, Montana, New Jersey, New Mexico, New York, Ohio, Rhode Island, South Dakota, Vermont, Virginia, and Washington.
Several states have also had increased minimum wages in local areas such as:
Arizona, California, Maine, Maryland, Minnesota, and Washington.
You should also be advised that some states have increased the Exempt employee salary minimum and other states are proposing a similar change. The federal Fair Labor Standards Act requires exempt employees to be paid a minimum of $684 per week ($35,568 annually). Like minimum hourly wages, some states are upping that minimum limit. California for example has increased their state exempt minimum wage to $64,480 effective January 1, 2023.
Other states who have implemented or proposed this change can be reviewed here.
Exodus HR is here to help you navigate the laws, regulations, and best practices that impact your employees. Our professionally certified team of experts can help keep you compliant.
Contact us for more information about how we can become an extension of your team!
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