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States Increasing Minimum Wage Rates in 2013

With a new year quickly approaching, some employers may find that they will be impacted by an increase in their state’s minimum wage rate. 10 states have announced Minimum Wage Rate Increases in 2013 --- is your business ready to comply?In order to ensure that your company is in compliance, please take a moment to review the list below.

Minimum Wage Rate Increases

Effective on January 1st, 2013, these states have announced an increase in their minimum wage rates:

  • Arizona: Arizona will increase their minimum wage rate to $7.80 per hour, and $4.80 for tipped employees.
  • Colorado: The minimum wage rate will rise to $7.78 per hour, and $4.76 for tipped employees.
  • Florida: The minimum wage rate will increase to $7.79 per hour in Florida, and $4.77 for tipped employees.
  • Missouri: The minimum wage rate will rise to $7.35 per hour, and $3.675 for tipped employees.
  • Montana: The minimum wage rate will rise to $7.80 per hour.
  • Ohio: The minimum wage rate will increase to $7.85 per hour, and $3.93 for tipped employees
  • Oregon: The minimum wage rate will rise to $8.95 per hour.
  • Rhode Island: The minimum wage rate will increase to $7.75 per hour.
  • Vermont: The minimum wage rate will increase to $8.60 per hour, and $4.17 for tipped employees.
  • Washington: The minimum wage rate will increase to $9.19 per hour.

Is Your Business Ready?

If your company is located in one of the states listed above, you will certainly need to ready from a financial point of view.

But your state may also require that you place an updated poster regarding minimum wage within your office. If you need an updated poster for your business, please contact CBG Benefits today. We will guide and direct you to resources that ensure your business is in compliance with state laws.

Image courtesy of sheelamohan / FreeDigitalPhotos.net

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Posted in: Legislation

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