January 1 isn’t just the start of the calendar year (although the true new year actually begins in Spring, but I digress). The start of the year also brings about several minimum wage updates across the United States.
As the founder + CEO of your brand, you are responsible for ensuring you pay your people a fair – and legal! – wage. Did you know…
- There is a Federal Minimum Wage (as of the date of this post, this is $7.25 p/hour)
- Several states have their own Minimum Wage that is higher than the Federal Minimum
- Several states have their own Minimum Salary requirements
- Plus, several counties/localities within each state often require a higher Minimum Wage than their home state does!
Pretty wild, right?
January 1, 2024 is fast approaching, and with it there are several minimum wage updates for you to be aware of for your small business. Remember, you are required to pay your employees based on the state where they work – not necessarily the state where your business is located.
To ensure your pay structures are in a good place, schedule your Conscious Business Strategy Session with us today! This is your opportunity for a “Power Hour” with Return to Eden to review a key HR/People Ops need in your business. You’ll come away from our conversation having clear action steps to support the growth of your conscious business.
Here is the breakdown on upcoming minimum wage updates as of the date of this writing.
2024 Minimum Wage Updates (subject to change)
Employment Laws are constantly changing. Sign up for our RTE Newsletter to stay up to date on any updates that impact your small business.
**The content of www.returntoedenhr.com and any HR support provides practical and HR best practice information/recommendations and is not legal advice. Return to Eden Consulting, LLC does not provide legal advice or other professional services. While every effort is made to provide accurate and current information, laws change regularly and may vary depending on the state and/or the municipality your business operates in. The information provided from Return to Eden Consulting is not a substitute for legal advice or your professional judgement. You should review applicable, federal, state and municipality laws in your jurisdiction and consult with legal counsel as you deem necessary