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New rules and new minimum wage rules can make being an employer a confusing job.
One week Colorado minimum wage is higher than the Federal min wage and the next week it is lower? What is an employer to do? On January 1st 2010 the wage will drop 1 penny below the Federal Minimum wage. Employers need to pay the higher of the two wages at the least to keep out of trouble. If you want to lower your employees wage you can but be careful about the negative effects that can have around the work site.
For help with HR, Payroll and workers compensation in Colorado give us a call at 303-466-7864
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With over 14 years in Business StaffScapes is your source for PEO services in Denver & Colorado.
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The Colorado Department of Labor just announced the new minimum wage rate for 2010
The minimum wage rule enacted in 2006 to the Colorado Constitution requires the state’s minimum wage rate to be adjusted each year for inflation. The inflation adjustment is based on the US Bureau of Labor Statistics’ Consumer Price Index for All Urban Consumers (CPI-U) for the Denver-Boulder-Greeley combined area. This adjustment is based on the difference between the CPI-U from the first half of the prior year and the first half of the current year. The CPI-U decreased 0.6% from the first half of 2008 compared to the first half of 2009. This adjustment will decrease the 2010 minimum wage rate to $7.24 per hour, effective January 1, 2010. The Tip credit for 2010 has not changed so the minimum wage rate for "Tipped Employees" will be $4.22 ($7.24 - $3.02).
The current federal minimum wage ($7.25 per hour) is higher than the new state minimum wage, so the higher federal rate will need to be used by all employers. Colorado employers that are allowed to use the tip credit will need to use the state’s minimum wage rate for tipped employees of $4.22 since this is higher than the federal rate.
For More information please go to the Colorado Department of Labor’s home page at: www.coworkforce.com.
See Also
- CPI-U decreased 0.6%
Denver-Boulder-Greeley CPI-U decreased 0.6%
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