Federal minimum wage increasing this week

This Thursday, the federal minimum wage will become $6.55 per hour. The new wage, effective July 24, 2008, is up 70 cents from the first stage of the minimum wage law, previously set at $5.85.

To stay compliant with the Department of Labor (DOL) under the Fair Labor Standards Act (FLSA), employers must display a poster explaining the minimum wage increase. The poster must be posted in highly visible areas where employees may easily read the notice.

This week’s increase is part of a three-stage federal minimum wage increase passed in July 2007. The third phase of the law, increasing the wage to $7.25 will take effect in one year on July 24, 2009.

Researching constant labor law changes and ordering individual posters is a time-consuming, never-ending task. Luckily, there are tools out there to help. G.Neil’s Poster Guard Compliance Protection makes it easy to stay in compliance with all federal and state labor law posting requirements by doing all the work for you. Learn more here.

Federal minimum wage increasing this week