Employers Council has prepared this Economic Perspective summary to assist the decision-makers of member organizations. The economic data in these charts summarize the most commonly watched economic and compensation indicators. The data from the U.S. Bureau of Labor Statistics can be...
With the arrival of 2024 , state and local m inimum wag e increases took effect in many parts of the country . E mployers should know that some state s and local jurisdictions , such as the S tate of Colorado and the C ity of Denver , will...
As 2023 comes to a close, it is important for employers to verify they are up to date on the many changes coming in 2024. The following is a look at the changes in federal laws that will affect employers , as well as the minimum wages organizations...
Colorado’s minimum wage will rise from $13.65 to an inflation-adjusted $14.42 per hour on January 1, 2024, according to the Colorado Department of Labor and Employment (CDLE) . The tipped minimum wage will be $11.40 per hour, up from $10.63 in 2023. Employers should also...
On October 31, 2023, Lieutenant Governor Dianne Primavera, and the Colorado Departments of Labor and Employment (CDLE) and Health Care Policy and Financing (HCPF) announ ced as of July 1, 2023, no Colorado companies can pay people less than minimum wage because they have a...
A U.S. Department of Labor (DOL) proposal would , among other things, increase the salary threshold for being exempt from overtime rules under the Fair Labor Standards Act (FLSA) for certain types of white-collar jobs . Currently, salaried employees earning $684 a week ($35,568...
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