There are several Virginia and federal compliance deadlines set for January 1, 2025 and another for July 1, 2025. Below are key items to have in place along with some suggested best practices:
1. Virginia minimum wage increase
Effective January 1, 2025, the Virginia minimum wage will increase from $12.00 to $12.41.
Although the General Assembly voted down the proposed $15.00 minimum wage increase for 2025, current law requires the Commissioner of the Virginia Department of Labor to adjust the minimum wage annually by the Average Consumer Price Index for all items, urban consumers (CPI-U). The 2024 increase was 3.4%. This adjustment will happen every year going forward in accordance with the CPI-U for that year. See the Virginia Department of Labor and Industry guidance on the increase.
Action item: Audit all hourly employees to ensure no employee earns less than $12.41 per hour
2. DOL Salary threshold increase for July 1, 2024 and January 1, 2025 is stricken down and set aside
The Department of Labor issued a final rule that increased the salary threshold for Fair Labor Standards Act “white-collar” and “highly compensated” exempt employees. The rule established increases in two phases, and the first went into effect on July 1, 2024. The second was set to take effect on January 1, 2025 as follows:
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