Federal Contractors Need to Track Wage Rules as New Administration Takes Reins
Now that President Donald Trump has returned to the oval office, federal contractors should be on the lookout for big changes that are likely to continue in the coming days and months. The president has already curtailed affirmative action and diversity, equity, and inclusion programs – and a controversial Biden-era order that raised the minimum wage for workers on covered federal contracts could be next . You should note that the minimum wage mandate is still effective as of now for most federal contractors, even though it has faced challenges in several courts and the U.S. Supreme Court recently declined to weigh in on the issue. Here’s what you need to know about the executive order and what you might expect from the new administration. How Did We Get Here? Contractor Minimum Wage Order : Under President Biden’s Executive Order 14026, the applicable minimum wage rate for workers performing work on or in connection with covered federal contracts was raised to $15 in 2022 . The...