With the calendar turning to 2022, workers in over two dozen states and localities could see a pay increase as a result of legislation raising applicable minimum wage or exempt salary thresholds. Here are the highlights and what employers should be aware of to start the New Year.

Hourly Minimum Wage Increases

The federal minimum wage has not seen an increase since 2009, when it was set at the current rate of $7.25 per hour. Though President Biden’s effort to raise the minimum wage to $15.00 died, along with the rest of the Build Back Better bill, over two dozen states and territories are increasing their hourly minimum wage rates this year, as outlined in the list below. Importantly, not every state’s wage increase is effective January 1, 2022, so employers must take heed to ensure compliance by the applicable date.

• Arizona – $12.80
• California – $15.00 for employers with 26 or more employees; $14.00 for employers with 25 or fewer employees
• Colorado – $12.56
• Connecticut – $14.00 (effective July 1, 2022)
• Delaware – $10.50
• Florida – $11.00 (effective September 30, 2022)
• Illinois – $12.00
• Maine – $12.75
• Maryland – $12.50 for employers with 15 or more employees; $12.20 for employers with 14 or fewer employees
• Massachusetts – $14.25
• Michigan – $9.87
• Minnesota – $10.33 for large employers (annual gross revenues of $500,000 or more); $8.42 for small employers (less than $500,000 in annual gross revenues)
• Missouri – $11.15
• Montana – $9.20
• Nevada – $9.50 (effective July 1, 2022 for...

Read Full Story: https://www.jdsupra.com/legalnews/2022-sees-increases-to-minimum-wage-4227048/