With weeks away from the New Year, states with yearly minimum wage assessments tied to increases in the Consumer Price Index (CPI) and states with new laws requiring increases in the minimum wage over a span of several years will soon update their minimum wage postings. Over the 12-month period from September 1, 2015 to August 31, 2016 there was a 0.7 percent increase in the CPI. States that are required to update their minimum wage rates based on the increase in the CPI have already started releasing their 2017 minimum wage rates.
Employers may begin to pre-order the mandatory minimum wage postings reflecting the new 2017 rates. Compliance Poster Company has created Peel ‘N Posts for the following states:
- Alaska – $9.80 per hour
- Arizona – $8.15 per hour
- California – $10.50 per hour
- Colorado – TBA
- Florida – $8.10 per hour
- Massachusetts – $11.00 per hour
- Michigan – $8.90 per hour
- Missouri – TBA
- Montana – $8.15 per hour
- New Jersey – $8.44 per hour
- New York – $9.70 per hour
- Ohio – $8.15 per hour
Make sure to stay compliant by replacing outdated postings! The New Year is approaching!