Monday, June 29, 2015

Reminder: Minimum Wage Increase Effective August 1st for Minnesota Employers

Employers with any employees in Minnesota are reminded that Minnesota's minimum wage law (passed last year), not only increased the minimum wage in 2014 but also included an automatic incremental increase for subsequent years. 

For large employers (those who annually conduct at least $500,000.00 gross sales or business)
  • Effective August 1, 2015 - $9.00/hour 
  • Effective August 1, 2016 -  $9.50/hour
For small employers
  • Effective August 1, 2015 - $7.25/hour
  • Effective August 1, 2016 - $7.75/hour
Also, beginning in 2018 the minimum wage for all employers is subject to further increases based on cost of living data.

Questions on details of distinguishing between large and small employer status for purposes of the new minimum wage, certain exemptions from these increases, or other help with employer wage and hour questions, contact the Minnesota office of Wessels Sherman, at (952) 746-1700, or email chbeggan@wesselssherman.com