Topic Spotlight

 

FEATURE PRODUCTS

U.S. Master™ Wage-Hour Guide, 2007 Edition
Presents a first approach to the Fair Labor Standards Act (FLSA), summarizing the basic legislation, demonstrating how the rules apply to particular employment situations, and exploring practical aspects of employment arrangements in light of the federal wage and hour law.

Learn More »

Federal and many state minimum wage rates to go up in July

The federal minimum hourly wage rate will increase to $6.55 on July 24. This federal increase is the second part of a three-step increase put in place by enactment of House Resolution 2206 on May 25, 2007, amending the federal Fair Labor Standards Act to provide for increases to $5.85 per hour on July 1, 2007, $6.55 per hour on July 24, 2008, and $7.25 per hour on July 1, 2009.

The federal minimum wage applies to nonexempt employers with two or more employees and at least $500,000 in annual dollar volume of business, and also to smaller employers if employees are engaged in interstate commerce or production of good for commerce. Also required to pay the federal minimum wage, regardless of their dollar volume of business, are hospitals; institutions primarily engaged in the care of the sick, aged, mentally ill, or disabled who reside on the premises; schools for children who are mentally, or physically disabled or gifted; preschools, elementary, and secondary schools and institutions of higher education; and federal, state, and local government agencies.

Employers of employees who are subject to both state and federal minimum hourly wage rates must pay employees the higher of the two rates.

To Read the Rest of this Article

Subscribers click here.

Not a subscriber? Subscribe today.

For More Information

The HR Management: Ideas and Trends™ Newsletter brings you in-depth discussions of industry topics that affect you most, with an emphasis on practical guidance. You'll get new ideas, tips and strategies for performing your job more efficiently and cost effectively. Learn More »