
The statewide minimum wage will see an increase to $14.81 per hour. For tipped employees, the minimum base wage will rise to $11.79 per hour.
For exempt employees, the minimum salary thresholds will also increase:
Executive, Administrative, and Professional Employees: $1,086.25 per week, or $56,485 annually.
Highly Compensated Employees: $127,091 annually.
Exempt Computer Employees (Hourly): $34.07 per hour.
Denver Minimum Wage
The minimum wage in Denver’s city and county will increase to $18.81 per hour, with tipped employees seeing a minimum base wage of $15.79 per hour.
Edgewater Minimum Wage
Edgewater is implementing a minimum wage increase to $16.52 per hour. Tipped employees in this area will see a minimum base wage of $13.50 per hour.
Unincorporated Boulder County Minimum Wage
Unincorporated Boulder County will increase its minimum wage to $16.57 per hour, with tipped employees earning a minimum base wage of $13.55 per hour.
What This Means for Employers
Employers should prepare now to update payroll systems and ensure compliance with these new wage rates. Failing to adhere to the updated minimum wage laws could result in penalties.
What This Means for Employees
Employees can expect to see these changes reflected in their paychecks starting January 2025. If your pay does not meet the updated minimum wage rates, you should notify your employer or seek guidance on your rights.
Stay informed about these changes to protect your business or ensure you’re receiving the pay you deserve.
For more details on Colorado wage laws or compliance tips, feel free to reach out to us!
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