|
The minimum hourly wage increases to $16.90 per hour on January 1, 2026, the minimum exempt annual salary will increase to $70,304.
Remember, in addition to meeting a duties test, the administrative, professional, and executive exemptions require that the exempt employee earn two times the State’s minimum wage (multiplied by 2080 hours/year) on a salaried basis.
Industry-Specific Wages
Certain businesses are subject to industry-specific state minimum wage and salary requirements. Fast food workers at limited-service restaurants that are part of chains with over 60 locations nationally saw a state minimum wage increase to $20.00/hour as of April 1, 2024. The Fast Food Council, which is responsible for adjusting the fast food minimum wage, has not, as of now, announced a further increase.
For healthcare workers covered by the Healthcare Minimum Wage law, minimum wage currently ranges from $18.63/hour to $24/hour, depending on the facility type, with set future increase
Click Below to read the full article
http://bit.ly/4nunYBX
|