Federal Minimum Wage Increase

As the second part of the three-stage increase, the federal minimum wage will increase from $5.85 per hour to $6.55 per hour effective July 24, 2008. The first increase took place on July 24, 2007.  The next and final increase will occur on July 24, 2009.
 
Most states have their own minimum wage law, which may differ from the federal minimum wage law. To ensure compliance, employers must adhere to the law that is most beneficial to the employee. The increase will generally have no effect on employees working in states whose minimum wage is currently at or above $6.55 per hour.

Some counties and/or cities within states may observe a higher minimum wage than the rest of the state in which they are located; sometimes this higher wage will apply only to businesses that are under contract to the local government itself.  In other cases, the higher minimum wage will be enforced across the board.
 
With the federal minimum wage increase, your compliance posters will need to be updated. For additional information regarding compliance requirements, please contact one of PSM’s Human Resources Consultants at 800-967-5515.