Archive for the ‘General’ Category

Minimum Wage Increases for 2014

January 20th, 2014

For many employers, minimum wage plays a big role in determining just how much help you can afford to hire. You may have various entry-level exempt and non-exempt positions available at your company, but what if minimum wage increases in the upcoming year – will you be able to afford all of your non-exempt workers?

Here’s your head’s up for 2014! If you weren’t already aware, the following states will have mandatory increases:

State minimum wage changes effective on January 1, 2014:

  • Arizona: $7.90 per hour (currently $7.80)
  • Connecticut: $8.70 per hour (currently $8.25)
  • Florida: $7.93 per hour (currently $7.79)
  • Missouri: $7.50 per hour (currently $7.35)
  • Montana: $7.90 per hour (currently $7.80)
  • New Jersey: $8.25 per hour (currently $7.25)
  • Ohio: $7.95 per hour for businesses with annual gross receipts in excess of $292,000 per year (currently $7.85)
  • Oregon: $9.10 per hour (currently $8.95)
  • Rhode Island: $8.00 per hour (currently $7.75)
  • Vermont: $8.73 per hour (currently $8.60)
  • Washington: $9.32 per hour (currently $9.19)

 

Additionally, California’s state minimum wage will increase on July 1, 2014 to $9.00 an hour. Right now it is $8.00 per hour.

When you need one-on-one support with payroll, compliance or hiring, a quick call to your HR Advisor is all it takes to tap into our team of licensed experts—each with a minimum of ten years HR experience.  Need help? Contact us!