Lương tester 2023
Changes to states minimum wages in 2023.For employers with employees in multiple states, keeping up with numerous minimum wage rate changes can be a daunting task. While some states are on a schedule for annual increases to eventually reach $15 an hour, 12 states still adhere to the federal minimum. Although the federal minimum wage of $7.25 has not budged since 2009, nearly half of the country increased their minimum wages for hourly workers after January 1, 2022 to compensate their employees, and more than a dozen will provide additional increases going into 2023. Show
To ensure your organization is aware of the latest minimum wage requirements, Paycor has created a breakdown by state. State Minimum Wage Rates 2022 vs. 2023*Companies that provide employee health insurance can pay $1.00 less. The map below shows which states have changes in minimum wages in 2023. You can find minimum wages for tipped employees, here. Which States are Increasing the Minimum Wage in 2023?13 states are raising their minimum wage in 2023. These states are:
In most of these states, the minimum wage will increase on January 1, 2023. Is the Federal Minimum Wage Rising in 2023?No. The federal minimum wage has remained $7.25 since 2009. Which States Have an Upcoming Increase to $15 Minimum Wage?The following states have passed legislation to reach a $15 minimum wage in 2023 and beyond.
Which State Has the Highest Minimum Wage?The state with the highest minimum wage is California ($15.00). However, this wage applies only to businesses with 26 or more employees. The state with the highest minimum wage applying to all companies is Washington ($14.49). In 2023, three states will have the highest minimum wage for all employees: California, Connecticut, and Massachusetts. If Washington, D.C. were a state, it would have the highest minimum wage ($15.20). Which State Has the Lowest Minimum Wage?The two states with the lowest minimum wage are Georgia and Wyoming, both sitting at $5.15; however, employers in Georgia and Wyoming that are subject to the Fair Labor Standards Act must still pay the $7.25 Federal minimum wage. For nearly 30 years, Paycor has been guiding our clients through big changes to federal, state and local taxes as well as compliance. Check out our Resource Center for the latest compliance updates, industry trends, thought leadership and best practices to help organizations achieve their vision and reach their potential. Paycor is not a legal, tax, benefit, accounting or investment advisor. All communication from Paycor should be confirmed by your company’s legal, tax, benefit, accounting or investment advisor before making any decisions. Payroll and Tax ExpertisePaycor’s expertise goes far beyond minimum wage. From recruiting and onboarding to people management, compliance and more, we provide technology and expertise to help business leaders solve problems and grow their businesses. How can we help yours? Take a guided tour of our most popular solutions to find out.
OUR CompaniesBig 3 PrecisionA leading provider of turnkey packaging solutions. VelvacVelvac is a leading supplier of vision systems and components to heavy and medium duty truck OEMs, recreational and specialty vehicle OEMs, and over 4,000 aftermarket distribution locations in North America. Eberhard ManufacturingA leader in custom-engineered industrial, vehicular and specialty hardware. Eberhard's extensive product line of over 5,000 parts offers customers items such as t-handles, hinges, paddle latches, rotary latches, grab handles, and vents.
Argo EMSAn AS9100/ISO-9001 certified electronics manufacturing solution provider. One of New England's first EMS shops, contract manufacturing high quality custom engineered electronics; still revolutionary in Connecticut! Quality ProductsOur commitment to quality means that we consistently provide products and services that meet or exceed your expectations. Custom EngineeringWhether you want to make a simple change to a product or you need a custom designed solution, our engineers have years of experience to support your applications. InnovationWe innovate to bring you novel solutions that meet new requirements and market needs. Investors“We have started a new chapter in the long history of The Eastern Company. We are focused on accelerating value creation for our customer and our shareholders” - August Vlak, President and CEO
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