Minnesota employers, mark your calendars. The Minnesota Department of Labor and Industry recently announced that on January 1, 2018, Minnesota’s minimum wage will increase as follows:
- Large Employers – minimum wage will increase from $9.65 to $9.86 per hour
- Small Employers – minimum wage will increase from $7.87 to $8.04 per hour.
For purposes of Minnesota’s minimum wage, the following definitions apply
- A large employer is an employer with an annual gross sales volume of $500,000 or greater,
- A small employer is one with an annual gross sales volume of less than $500,000.
The training wage that may be paid to employees 20 years old or younger for their first 90 consecutive days of employment, the youth minimum wage for employees younger than 18 years old, and the “J visa” rates will also increase from $7.87 to $8.04 per hour.
It is recommended that all Minnesota employers prepare for these increases.