Department of Labor Issues New Federal Minimum Wage PosterJuly 18, 2007 — 2,952 views
The U.S. Department of Labor, Wage and Hour Division, has issued the new federal minimum wage poster reflecting the recently passed increase in the federal minimum wage.
This is the first federal minimum wage change in over 10 years. This significant change means that employers must post the new poster, regardless of the wage or salary paid to employees.
Lorman has partnered with Poster Compliance Center to make it a lot easier - and less expensive - to maintain your company's labor law poster compliance.
According to the Wage and Hour Division web site, “every employer of employees subject to the Fair Labor Standard Act’s minimum wage provisions must post, and keep posted, a notice explaining the act in a conspicuous place in all of their establishments so as to permit employees to readily read it.”
Under the new legislation, the minimum wage will increase from $5.15 to $7.25 in three steps over the next two years. The first increase to $5.85 goes into effect July 24, 2007. The next increase to $6.55 will occur one year later (July 24, 2008) with the final increase to $7.25 two years later (July 24, 2009).
As a valued Lorman customer, you'll receive an exclusive 20% discount on your
Poster Compliance Center order.
You can order an all-on-one federal poster to stay in compliance for the time being OR you can choose the permanent solution favored by many HR managers, by subscribing to Poster Compliance Center’s 1-Year Compliance Protection Plan.
The 1-Year Compliance Protection Plan takes the worry out of keeping track of labor law changes and staying in compliance. You’ll receive a complete set of federal and state posters, unlimited free updates sent automatically at no additional cost as laws change for 12 months, a Compliance Certificate documenting your coverage to display, a $25,000 Poster Violation Warranty — and peace of mind — for just $59.96 (Regularly $74.95) plus shipping.
Click here to receive 20% off your Poster Compliance order.
Poster Compliance Center