MINIMUM WAGE INCREASE | Lynchburg Regional SHRM

Apr 6, 2021 · From January 1, 2025 until January 1, 2026, the rate will increase to $13.50 per hour. Effective January 1, 2026, the rate increases to $15.00 per hour. As of January 1, 2027, the minimum wage will be the greater of either the adjusted state hourly minimum wage or the …

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MINIMUM WAGE INCREASE | Lynchburg Regional SHRM

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Navigating The Maze Of Minimum Wage Rules - SHRM

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Jan 8, 2025 · Federal minimum wage: Under the Fair Labor Standards Act (FLSA), nonexempt employees must be paid at least $7.25 an hour. State and local rates: These may be higher …

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Virginia Minimum Wage Increase To Go Into Effect On Monday

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Apr 29, 2021 · LYNCHBURG, Va. (WFXR) — Monday marks the first time we’ll see a minimum wage bump in the Commonwealth in 12 years. It’s going from $7.25 an hour to $9.50. Plenty …

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Virginia To Gradually Raise Minimum Wage - SHRM

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Apr 30, 2020 · Learn about SHRM's five regional councils and the Membership Advisory Council (MAC). ... The hourly minimum wage in Virginia will increase to: $9.50 beginning May 1, 2021.

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Inflation Will Result In Higher Minimum Wages Next Year - SHRM

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Sep 15, 2022 · Some cities already received midyear minimum wage increases on July 1 in light of regional CPI changes. These cities included Los Angeles ($15 to $16.04), San Francisco …

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Lynchburg Businesses Prepare For Minimum Wage Increase May 1

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Apr 21, 2021 · On May 1, minimum wage workers will see a $2 bump in pay. For some restaurant workers, like at The Water Dog, employees who make $7. 25 an hour now will make $9. 50 …

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Complying With Minimum-Wage Laws In 2021 - SHRM

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Feb 12, 2021 · As federal lawmakers consider whether to raise the minimum wage to $15, many state and local wage rates have been steadily rising in recent years, and some have reached …

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FAQs about MINIMUM WAGE INCREASE | Lynchburg Regional SHRM Coupon?

Will minimum wage rates rise in 2025?

As employers prepare for 2025, minimum wage rates are slated to rise in 22 states. Below the Knowledge Center has compiled resources to assist with ensuring your employees are being paid at the correct wage rate next year. ...

How can we raise the minimum wage?

Run a general census to get an idea of how many people fall below $15 an hour. Model a revised pay structure for raising the minimum wage, with a goal such as increasing the lowest wage to $15 an hour over the next two to three years. ...

How do I get help with minimum wage compliance?

Tapping into SHRM member resources, including the Ask an Advisor service. Seeking legal counsel to help with complex compliance issues. Explore minimum wage compliance challenges, from federal to local rules, tipped employees, and workers with disabilities, with SHRM's expert guidance. ...

How can a new hire raise the minimum wage?

Model a revised pay structure for raising the minimum wage, with a goal such as increasing the lowest wage to $15 an hour over the next two to three years. Assess the impact of rising wages for new hires against the wages of more tenured employees by analyzing how much employees make compared to one another and their managers. ...

Should employers raise minimum pay levels?

For many employers, "their biggest concern [regarding raising minimum pay levels] is making sure that they're still able to differentiate pay for people who aren't in minimum wage positions, and how they're going to pay to do that," Krechmer said. ...

Did the 9th Circuit vacate the minimum wage requirement?

The 9th U.S. Circuit Court of Appeals had vacated this requirement as of press time. Prevailing wage rules: Federal and state regulations may require employers to pay workers certain minimum wages and benefits when they are working on public projects. ...