Minimum Wage Increases:As of Jan. 1, 2023, the California state minimum wage will increase to $15.50 for all employers, regardless of employee headcount. This also means that as of Jan. 1, 2023, exempt employees in California must be paid a minimum annual salary of $64,480. "Living w...
In 2023, Governor Gavin Newsom signedSB 525, which required certain health care facilities to pay a special minimum wage to their employees starting June 1, 2024. Then, on certain subsequent June 1, that minimum wage would incrementally increase before eventually following an annual consumer pric...
the minimum is different depending on where you work. That means that a minimum wage worker's annual salary or annual income will also differ. The minimum wage in California in 2022 varies in different parts of the state, and you'll
This year, the Department of Finance calculated that the Consumer Price Index for Urban Wage Earners and Clerical Workers increased by over 6% from July 1, 2022, to June 30, 2023, as compared to the previous 12-month period. Thus, the agency determined that a minimum wage increase of...
28, 2023. (Sarah Reingewirtz/MediaNews Group/Los Angeles Daily News via / Getty Images) The overall minimum wage for other workers in California is $15.50 an hour, among the highest of any state. The federal minimum wage, which has remained unchanged since 2009, is $7.25 an hour, or $...
Between 2025 and 2029, the appointed council will have the authority to raise the hourly minimum wage annually by whichever is lower: 3.5% or the annual change in the consumer price index. For Chipotle, the new pay floor means it will hike its wages roughly 18%. Hartung said the chain'...
The new law allows the council to increase the minimum wage annually from 2025 through 2029, but it cannot exceed a 3.5% increase or the annual change in the Consumer Price Index, a measurement set by the Bureau of Labor statistics on average prices of goods and urban wage earners. ...
Complete a Personnel Action Notice (PAN) form for any employees who receive a change in pay rate due to the California minimum wage increase. COVID-19 Who –All California employers What –There are several bills enacted: Effective January 1, 2023, Assembly Bill 2693 updated the state’s CO...
California employers must ensure that compensation rates for computer professionals meet new salary thresholds, effective January 1, 2023. As inflation continues to rise, so too have the minimum wage thresholds for the California Computer Professional exemption.[1]Indeed, the...
minimum wage above the levels set by the state and set a schedule for increasing the city’s minimum wage every six months until July 1, 2023, and annually thereafter. For hotel employers, the Ordinance took effect on January 1, 2022. For all other employers, the Ordinance...