Minimum Wage January 2024 Colorado. The statewide minimum wage for colorado — currently $13.65 — will increase on january 1, 2024, in line with the cost of living (cola) to an amount not yet. The colorado minimum wage is set to increase from $13.65 to $14.42 on january 1, 2024, which is $7.17 higher than the federal minimum wage.
The pay calc order also addresses the minimum pay for various positions, such as for highly compensated employees (including as connected to colorado’s noncompetition agreement law), so colorado employers should review the new pay calc order. Colorado minimum wage 2024 salary cap.
The Wage Increase Will Also Change For Tipped.
This upcoming raise is in line with the cost of living.
The Pay Calc Order Also Addresses The Minimum Pay For Various Positions, Such As For Highly Compensated Employees (Including As Connected To Colorado’s Noncompetition Agreement Law), So Colorado Employers Should Review The New Pay Calc Order.
The statewide minimum wage for colorado — currently $13.65 — will increase on january 1, 2024, in line with the cost of living (cola) to an amount not yet.
Minimum Wage January 2024 Colorado Images References :
On January 1, 2024, Denver’s Minimum Wage Will Increase By One Dollar, From $17.29 To $18.29 Per Hour (Almost A 5.8% Increase).
Effective january 1, 2024, the minimum wage will be $14.42 per hour.
Under The 2024 Pay Calc Order, Which Annually Publishes Adjustments To The State’s Minimum Pay And Income Levels For The Upcoming Year, Colorado’s Minimum Wage Rates Increased On Jan.