Salary Minimum Wage 2024 Colorados. With colorado's new minimum wage going into effect in january of 2024, that wage has increased by $7.57/hr. View the job description, responsibilities and qualifications for this position.
Colorado’s minimum wage will be boosted to $14.42 per hour, an increase of $0.77. The state is not alone in its upcoming minimum wage hike.
Minimum Salary Threshold July 1, 2020 $684.00 Per Week ($35,568 Per Year) January 1, 2021 $778.85 Per Week ($40,500 Per Year) January 1, 2022 $865.38 Per Week ($45,000 Per Year) January 1, 2023 $961.54 Per Week ($50,000 Per Year) January 1, 2024 $1,057.69 Per Week ($55,000 Per Year) January 1, 2025
In 2024, employers can pay employees $3.02 below the minimum hourly wage if those workers make enough in tips to reach the full minimum.
Colorado’s Minimum Wage Is Expected To Rise To $14.42 From $13.65 Effective Jan.
As of january 2024, the minimum salary to be exempt from overtime pay requirements in colorado is $1,057.69 per week or $54,999.98 annually.
“Tipped Employees” Must Earn At Least $1.64 Per Hour In Tips.
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Colorado (If No Higher Local Minimum) $14.42 ($11.40 W/ Tip Credit) $13.65 ($10.63 W/ Tip Credit) $12.56 ($9.54 W/ Tip Credit) Denver:
The minimum wage for tipped employees will increase to $11.44 per hour.
Colorado’s Minimum Wage Is Expected To Rise To $14.42 From $13.65 Effective Jan.
View the job description, responsibilities and qualifications for this position.