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Article: New Federal Minimum Wage & Posting Requirement.
- Article from:
- Mondaq Business Briefing
- Article date:
- June 18, 2007
CopyrightCOPYRIGHT 2007 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Article by Kalee Vargo and Karen Neely
On May 24, 2007, President Bush signed the Fair Minimum Wage Act of 2007 that, among other things, increases the federal minimum wage from $5.15 in three steps: to $5.85 per hour effective July 24, 2007; to $6.55 per hour effective July 24, 2008; and to $7.25 per hour effective July 24, 2009. These increases are the first federal minimum wage hike in ten years. As such, it is a good time to review your compensation practices and ensure compliance with the law.
It's Time to Put up New Minimum Wage Posters
Every employer subject to the Fair Labor Standards Act must post a notice explaining the Act in a ...