New Minnesota Wage and Hour Updates to Take Effect on August 1, 2024
The Minnesota Legislature passed another substantial omnibus labor and industry policy bill, SF 3852 , which was signed by Governor Tim Walz on May 17, 2024. The omnibus bill brings a variety of significant labor law changes to employers in the North Star State, including updates to pay transparency, pregnancy accommodations, and noncompete agreements. In addition to the above updates, there are also several changes to its wage and hour laws under the Minnesota Fair Labor Standards Act, which go into effect on August 1, 2024 . Updated Indexing Requirements for Minnesota Employers Minnesota is eliminating its two tiers of minimum wage rates, which are dependent on an employer’s revenue. Under the current minimum wage requirements, large employers, or businesses with an annual gross volume of sales of $500,000 or more, must pay covered employees at least $10.85 per hour. Small employers, or businesses with revenue of less than $500,000, are currently requi...