On January 1, 2020, we are going to wake up to two significant wage changes that will impact most Colorado small businesses. Are you prepared for these changes?
Colorado Minimum Wage- $12.00/ hr
Colorado Tipped Employees- $8.98/ hr
*Denver increased its local minimum wage to $12.85 per hour effective Jan. 1, becoming the first local government in Colorado to set its minimum higher than the statewide level per a new statute passed by the legislature in 2019.
$684 per week (or $35,568 per year)
$107,432 for highly compensated employees
*Don't forget that in addition to the minimum salary level, you must meet the duties requirements.
What To Do?
Disclaimer: HR Branches provides general information about Human Resources. Please note that the information provided, while reliable, is not legal advice. Please seek legal assistance, or assistance from State, Federal, or International governmental resources, to make sure your legal interpretation and decisions are correct for your location and circumstances. The purpose of this information is for guidance, ideas, and assistance on general HR matters.
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