Federal Contractor Employees to See Minimum Wage Increase to $15
By EsqSocial Corporation 29/04/21
President Biden signed an Executive Order Tuesday that will increase the minimum wage for federal contractor employees to $15 per hour beginning in 2022 – providing a big boost in wages for many workers across the country and increasing labor costs for those employers doing business with the federal government. On January 1, 2023, and annually thereafter, the Secretary of Labor will determine a new minimum wage rate that cannot be less than the then-existing minimum wage rate and will be...
By: Fisher Phillips