New Colorado Minimum Wage Poster

The new Colorado Minimum Wage Poster is now available.  StaffScapes has recently sent out the new Colorado Minimum Wage Poster to all clients to replace old information. 

Effective January 1, 2007 the new Minimum Wage rate is $6.85.

Please contact StaffScapes if you have not received your poster or would like other required posters at 303-466-7864.

The Colorado Department of Labor just announced the new minimum wage rate for 2008

The new rule enacted last year 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 increased 2.5% from the first half of 2006 compared to the first half of 2007.  This adjustment will increase the 2008 minumum wage rate to $7.02 per hour, effective January 1, 2008.  The Tip credit for 2008 has not changed so the minimum wage rate for "Tipped Employees" will be $4.00 ($7.02 - $3.02).

For More information please go to the Colorado Department of Labor’s home page at: www.coworkforce.com.

New CO Minimum Wage

Effective January 1st, 2008 the new Colorado minimum wage is $7.02.  You should be receiving your new posters to be posted with the other notices for employees.

If you have any questions regarding the application of this order please contact StaffScapes.  StaffScapes can provide you with all of your required posters, please contact Lora Manternach if you need posters at 303-466-7864.

New Posters

Effective November 21, 2009 ALL employers are required to post the new Equal Employer Opportunity Poster.  This notice now includes Genetic Information Nondiscrimination Act of 2008(GINA), which prohibits genetic information discrimination in employment.

Effective January 1, 2010 all Colorado employers are required to post the new Colorado Minimum Wage Order Poster. This notice explains what rights and protections employees have under the Colorado Minimum Wage Order, including minimum wage, work periods and overtime.  If you have any questions regarding the application of this Order please contact StaffScapes. 

This year there was a reduction in the Colorado State Minimum wage to $7.24 per hour.  Since the Federal Minimum wage of $7.25 per hour is greater, $7.25 will be the rate that must be used as minimum pay.

StaffScapes provides clients with all of your required posters, and notification of these changes.  If you have any questions or need posters please contact Lora Manternach at 303-466-7864.

If you are an employer and have minimum wage earners on your payroll, now is the time to plan for the increase that will be mandated come January 1, 2012.  Colorado’s minimum wage will increase 28 cents from $7.36 per hour to $7.64 per hour as a result of a state law that links annual wage to cost-of-living fluctuations known as the CPI or Consumer Price Index.  With the wage increase, we have compiled a list of things you may need to do to update your procedures:

1. Update your required posters by printing a new Colorado Minimum Wage Order poster.  These posters should be released the last week of December by the Colorado Department of Labor.
2. Update your payroll records to reflect the required increase, effective January 1, 2012.
3. Adjust any calculation automation you may have in place to determine gross wages.
4. Update any timesheets submitted to your payroll department to determine wage payments.
5. Review records for any Garnishments being processed through payroll.  Update these calculations to ensure proper amount is being deducted and paid per order. 

We suggest that you begin preparing now for this update to make end of year and holiday planning much easier.  If these tasks and other Human Resources and Payroll needs have become a burden, please contact us at 303-466-7864 to learn more about how we can help you free up much needed time, increase profit and ensure your business is compliant and protected.

As 2011 draws to a close, we wanted to remind you that beginning this Sunday, January 1, minimum wage increases for all employers who have minimum wage earners on their payroll.  Colorado’s minimum wage will increase 28 cents from $7.36 per hour to $7.64 per hour as a result of a state law that links annual wage to cost-of-living fluctuations known as the CPI or Consumer Price Index. 

Prepare now for this update to make 2012 start off right.  If these tasks and other Human Resources and Payroll needs have become a burden, please contact us at 303-466-7864 to learn more about how we can help you free up much needed time, increase profit and ensure your business is compliant and protected.