Can you believe it’s nearly 2014? This is just a friendly reminder that with the new year comes a new minimum wage requirement for employees in the state of Ohio. On January 1, 2014, the state minimum wage will increase to $7.95 per hour for non-tipped employees and $3.98 per hour (plus tips) for tipped employees. This increase only applies to employers with annual gross receipts of more than $292,000. The federal minimum wage of $7.25 per hour still applies to companies with annual gross receipts of less than $292,000 after January 1, 2014.
In addition to increasing the hourly rate of any employee who is currently making less than the new state minimum wage, you must also update your Ohio Minimum Wage poster. The poster must be displayed in a conspicuous place, to which all employees have regular access. For your convenience, here is a link to the updated poster: http://www.com.ohio.gov/documents/dico_2014Minimumwageposter.pdf
Need help making sure you’re compliant with wage and hour laws? Give ManagedHR a call. We’re here to help!
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