Santa Fe, New Mexico will finally see an increase in the minimum hourly wage rate to $10.29 per hour, effective March 1, 2012. The city has also updated the mandatory Living Wage Ordinance poster. Compliance Poster Company carries the mandatory notice (#31701) in a bilingual format to comply with the municipal requirement that employers post the notice in both English and Spanish.
The city’s Living Wage Ordinance ties the minimum hourly wage rate to the Consumer Price Index (CPI) for the previous year. The Ordinance provides that the minimum wage must be adjusted upward by an amount corresponding to the previous year’s increase, if any, in the CPI. Last year, the city failed to adjust the minimum wage by mistake and decided to “roll” the 2011 increase into the 2012 increase.
All profit and non-profit businesses that are required to have a business license or registration with the city are affected by the Ordinance. Businesses are also required post and display in a prominent location next to the business license or registration the notice in both English and Spanish. The penalties for failure to comply with the posting requirement are serious and can include termination of the business license or registration.