Littler’s Semi-Annual Rates Update for Minimum Wage, Tips, and Exempt Pay Increases on January 1, 2025 (and Other Developments)
While Americans across the country headed to the polls to decide who would govern their country, state, county, or city, most decisions were already made concerning what minimum pay rate would govern the employment of non-exempt and exempt employees on January 1, 2025. However, some state and local ballot measures had the potential to – and will – shape 2025 and future years’ pay standards. Additionally, a federal judge vacated the U.S. Department of Labor’s (DOL) rule increasing the salary threshold for exempt executive, administrative, and professional employees. Accordingly, with these notable events behind us, we can now look forward to what employers with U.S. operations can expect to pay their employees at the beginning of the new year, while also cautioning that further changes are always a possibility, as are revised minimum wage adjustment announcements – that happened multiple times this update cycle – so it’s important to consult with counsel to ensure that the rate th...