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.
Changes to Federal Minimum Wage
On May 25, President Bush signed legislation that increases federal minimum wage to $7.25 per hour in three steps over a period of 26 months. The impact on employers will vary based on the state in which their employees work.
If the state where the employees work in has a higher state minimum wage, the higher wage would apply, whichever is most beneficial to the employee.
StaffScapes will have the updated federal labor law poster when it becomes available. Please contact us for more information regarding these changes or if you have questions about being in compliance. Contact us at www.staffscapes.com or 303.466.7864.
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.
Minimum Increases July 24
Federal minimum wage will increase again on July 24, 2008 to $6.55. This is the second of the 3 step increase put in place in 2007. July 24, 2009 the federal minimum wage will increase again to $7.25.
In addition employers need to check the state minimum wage and compensate employees the higher of the two wages. For example, in Colorado the state minimum wage is $7.02, so employers are required to pay at least $7.02 per hour.
For up to date posters or additional information on wage requirements contact StaffScapes, your Human Resourse Solution Center. www.staffscapes.com or 303-466-7864.
Compliance poster made easy with a PEO
Over the next few months business will be hit hard with adds selling compliance poster. some of these adds sounds like a demand letter from the IRS requiring you to update every year. Certain poster did change this year but not all posters have changed an example of this is minimum wage. Colorado has been constant for the year but Federal minimum wage changed this summer. If your state poster is current then all you have to do is update the federal wage poster.
Contact StaffScapes if you need order updated poster. We can send you one or a laminated set for all state and federal requirements.
Quick tips for new limits in 2009
401K – $16,500, catch up $5,500
Social Security – 106,800
Federal Minimum Wage – $6.55, effective July 24, 2009 $7.25
Colorado Minimum Wage - $7.28 effective January 1, 2009
Health Savings Accounts - $3,000 individual, $5950 family
Transportation in a commuter highway vehicle and any transit pass - $120 per month
Qualified Parking - $230.00
Remember if you employee elected Exempt on their W-4 in 2008 they will need to complete a new W-4 by February 16, 2009.
2008 W-2 are required to be sent to employee’s by January 31, 2009
Make sure you posters are up to date, they are free, contact StaffScapes today to make sure you are compliant.
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.
