The minimum wage requirement for federal contractors will be increasing as of the New Year. Here's what you need to know.
The minimum wage for federal contractors will increase to $10.35 per hour as of January 1, 2018. The wage requirement applies to new and replacement contracts (solicited on or after January 1, 2015) with employers covered by the Service Contract Act or any employer who handles concessions and services in connection with federal property or lands. We recommend that employers review the pay rates of their employees and plan any changes necessary to comply with the rate increase.
With a new year, brings new employment laws and regulations. Watch our free webinar where we discuss new and amended developments at the federal level, as well as the state and local employment laws that are trending nationwide.