Labor Department Finalizes Increase in Minimum Wage for Federal Contractors to $15 Per Hour
By EsqSocial Corporation 06/12/21
On November 22, the federal Department of Labor issued final regulations implementing the provisions of an executive order to raise the minimum wage for employees working on federal contracts and subcontracts to $15.00 per hour as of January 20, 2022. For tipped employees, the cash wage increases to $10.50. In addition to the initial increase, DOL will adjust the minimum wage on an annual basis based on inflation....
By: Parker Poe Adams & Bernstein LLP