Community News
Minnesota Miniumum-Wage Rates Adjusted for 2024 New minimum-wage posters for employers to display will be available this fall
Minnesota's minimum-wage rates will be adjusted for inflation on Jan. 1, 2024, to $10.85 an hour for large employers and $8.85 an hour for other state minimum wages AS OF JANUARY 1, 2024 • Large employers – with annual gross revenues of at least $500,000 – must pay at least $10.85 an hour. • Small employers – with annual gross revenues less than $500,000 – must pay at least $8.85 an hour. • The training wage rate, $8.85 an hour, may be paid to employees younger than 20 years of age for the first 90 consecutive days of employment. • The youth wage rate, $8.85 an hour, may be paid to employees younger than 18 years of age.
These state minimum-wage rates will not apply to work performed in the cities of Minneapolis and St. Paul, which have higher minimum-wage rates. Minnesota law requires employers to display five state- mandated posters in a location where employees can easily see them. The new minimum-wage poster will be available for download this fall.
To read the full article from the Minnesota Department of Labor and Industry, visit https://bit.ly/3Z9ShT7
Join us in celebrating 50 years of making a difference. As the Rochester Area continues to grow, we look forward to serving as your trusted architecture, engineering, environmental, and planning partner. Cheers to the next 50 years!
H3 Plaza + 30 3rd Street Southeast + Suite 600 Rochester, MN 55904 | ISGInc.com
26 | ROCHESTER AREA CHAMBER OF COMMERCE ADVANTAGE MAGAZINE — SEPTEMBER 2023
Made with FlippingBook Digital Publishing Software