Crank up the air conditioning in your offices and get prepared to increase your Nevada employees’ minimum wages. Beginning July 1, employers will be required to pay a minimum wage of $9.50 per hour or $10.50 per hour depending on whether you offer qualified health benefits. What do you need to know about the changes taking effect today – and the impact those changes may have on overtime?
Changes to Nevada’s Minimum Wage in July 2022
Currently, Nevada has a two-tier minimum wage system that was established by the Minimum Wage Amendment (MWA) to the Nevada Constitution, which went into effect in 2006. Among other things, the MWA allows employers that offer qualified health benefits to employees to pay $1.00 less per hour than employers that do not offer those benefits to their employees. In 2019, Nevada’s legislature passed Assembly Bill 456, which implemented annual minimum wage increases each July until 2024 as follows:
For Employers Offering Qualifying Health Benefits
- July 1, 2020: $8.00
- July 1, 2021: $8.75
- July 1, 2022: $9.50
- July 1, 2023: $10.25
- July 1, 2024: $11.00
For Employers Not Offering Qualifying Health Benefits
- July 1, 2020: $9.00
- July 1, 2021: $9.75
- July 1, 2022: $10.50
- July 1, 2023: $11.25
- July 1, 2024: $12.00
You should prepare for these changes by evaluating employee policies and handbooks, and ensuring you make appropriate changes to payroll. Violations of the minimum wage law may entitle an employee to a civil action against you for back pay, damages,...
Read Full Story:
https://www.jdsupra.com/legalnews/what-employers-should-know-about-2552830/