Showing posts with label Ohio minimum wage. Show all posts
Showing posts with label Ohio minimum wage. Show all posts

Wednesday, December 02, 2009

Ohio Remain Minimum Wage Stable in 2010

The state minimum wage is always increased according to the economy inflation. Colorado will reduce the state minimum wage from $7.28 per hour to $7.24 per hour effective on January 1, 2010. However, according to the Fair Labor Standards Act, most Colorado employers will be required to pay &7.25 per hour under the federal minimum wage. While the state of Ohio will remain its state minimum wage stable at $7.30 per hour in 2010.

The minimum wage in the Buckeye State is 5 cents higher than the federal minimum wage at $7.25 per hour. Employers who are covered by both the state and federal minimum wage must pay the higher of the two. So in Ohio the employees will be paid the state minimum wage.

In 2010, Ohio tipped minimum wage will still remain at $3.65 per hour. If a tipped employee does not average at least $3.65 per hour over the payroll week, the employer must pay the difference as wages. The Ohio minimum wage applies to employers with more than $267,000 in gross revenue. The Ohio minimum wage is increased each year based on the rate of inflation. According to a memo released by the Ohio Department of Commerce, the rate of inflation declined 0.2 percent from late 2008 to late 2009.

Tuesday, October 20, 2009

Ohio minimum wage won’t rise in 2010

Ohio’s minimum wage will remain unchanged at $7.30 per hour in 2010, according to the state Department of Commerce.

For tipped employees, the minimum wage remains at $3.65 per hour. Under state law, if the employee’s tips plus wages don’t average $7.30 per hour, the employer must pay the difference.

The constitutional amendment passed by voters in November 2006 states that Ohio’s minimum wage shall increase on January 1 of each year by the rate of inflation. The wage is tied to the Consumer Price Index (CPI) for urban wage earners and clerical workers for the 12-month period prior to September. Since the index declined by 0.2 percent from Sept. 1, 2008 to Aug. 31, 2009, so the state minimum wage will not be increased in 2010.

The state minimum wage will continue to apply to employers who gross more than $267,000 per year. For employers grossing less than $267,000 per year the state minimum wage is $7.25 per hour-- an amount equal to the federal minimum wage.

Tuesday, November 18, 2008

Ohio minimum wage to increase to $7.30 in 2009

The minimum wage in Ohio will increase on January 1, 2009, from $7 per hour to $7.30 per hour for non-tipped employees and from $3.50 per hour to $3.65 per hour for tipped employees. The increase was announced by the Ohio Department of Commerce and will apply to employers who gross more than $267,000 per year.

The state minimum wage for employees in smaller companies (grossing less than $255,000 per year or less than $267,000 after January 1, 2009) and for 14- and 15-year-old is currently $6.55 per hour and will increase to $7.25 per hour on July 24, 2009.
Passed by voters in November 2006, the constitutional amendment states that minimum wage in Ohio shall increase on January 1 of each year by the rate of inflation. The increase is tied to the Consumer Price Index (CPI) for urban wage earners and clerical workers for the 12-month period prior to September. From September 1, 2007 to August 31, 2008, the CPI rose 4.6 percent.