Colorado Exempt Minimum Wage 2025. Colorado minimum wage is increasing again Additionally, the minimum hourly rate for computer employees will rise to $34.07, and the minimum annual salary for highly compensated employees will increase to. Employers can claim some credits against wages owed (like for tips received.
Colorado Increases Minimum Wage for 2025 and Revises Discrimination Poster Explained Labor Law from www.laborlawcenter.com
For 2025, employees must make at least $1,086.25 per week ($56,485 annually) and at least the minimum wage for all hours worked in a workweek to qualify for the exemption Colorado is one of the few states that set higher salary threshold for bona fide exempt employees than the salaries set forth in the Fair Labor Standards Act (FLSA).If employees are exempt from minimum wage and overtime under Colorado labor laws based on the tests explained below, employers must pay Colorado a minimum salary for exempt employees 2024:
Colorado Increases Minimum Wage for 2025 and Revises Discrimination Poster Explained Labor Law
Each year, Colorado's minimum wage and salary threshold for exemption status are adjusted annuall y for cost-of-living increases For 2025, employees must make at least $1,086.25 per week ($56,485 annually) and at least the minimum wage for all hours worked in a workweek to qualify for the exemption This adjustment is measure d by the Consumer Price Index (CPI) used for Colorado since the 2020 minimum wage of $12.00 per hour was implemented
Colorado minimum wage is increasing again. Since the FLSA's enactment in 1938, the US Department of Labor has set a minimum salary threshold employees must receive to be exempt from the FLSA's requirements Each year, Colorado's minimum wage and salary threshold for exemption status are adjusted annuall y for cost-of-living increases
Salary Minimum Wage 2025 Colorado 2025 Images References Walid Tariq. The COMPS thresholds were set by very defined amounts for 2020 through 2024, but in 2025 it is set to be raised by the Consumer Price Index for Colorado during the last year. For 2025, employees must make at least $1,086.25 per week ($56,485 annually) and at least the minimum wage for all hours worked in a workweek to qualify for the exemption