Updated 2020 Minimum Wage Rates
The current federal minimum wage rate is $7.25 per hour. However, many states have adopted minimum wage rates higher than the federal rate. When the state rate and the federal rate are different, employers must pay their employees the higher rate. Affected employers should review their employees’ pay rates and update their minimum wage poster notices as necessary to ensure compliance with local wage regulations.
STATES WITH NEW MINIMUM WAGE RATES FOR 2020:
- District of Columbia
- New Jersey
- New Mexico
- New York
- South Dakota
December 31, 2019: New minimum wage in NY
January 1, 2020: New minimum wage in 18 states
July 1, 2020: New minimum wage in 4 states
September 1, 2020: New minimum wage in CT
For more specific state information, read this PDF.
RBN CAN HELP
In addition to providing comprehensive insurance and risk management services, RBN provides value-added benefits and a full-service coverage platform to our clients. RBN provides access to relevant legislative updates and compliance guidance. Additionally, RBN can help develop employment policies, retention strategies, employee handbooks, safety procedures, and wellness programs.