Additionally, colorado’s minimum salary requirement for exempt employees will increase. Bolder, colorado local minimum wage for 2023, 2024.
(see below) increasing the minimum wage. 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.
Employers May Be Required By Law To Post Certain Posters.
June 16, 2024 | last updated:
1, 2024, According To A Press Release From The City.
Additionally, colorado’s minimum salary requirement for exempt employees will increase.
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Denver — The First Day Of 2024 In Colorado Will Usher In Several New Laws And An Increase In The Minimum Wage.
Pay of at least minimum wage , the applicable colorado or local minimum wage, and all earned overtime wages without impermissible deductions from their wages;
The Proposed $15 Per Hour Wage Will Exceed Colorado’s Minimum Wage Starting In 2024 When The Federal Wage Goes To $14 Per Hour.
This upcoming raise is in line with the cost of living adjustments.