Federal Contractor Minimum Wage Increasing January 1
October 05, 2022
The U.S. Department of Labor (DOL) has announced that the applicable minimum wage rate for workers performing work on or in connection with federal contracts entered into before January 30, 2022, or that are renewed or extended before January 30, 2022,will increase to $12.15 per hour beginning January 1, 2023. The minimum wage rate that generally must be paid to tipped employees performing work on or in connection with covered contracts will increase to $8.50 per hour. Covered contracts entered into on or after January 30, 2022, or that are renewed or extended on or after January 30, 2022, will increase to $16.20 per hour beginning January 1, 2023. The minimum wage rate that generally must be paid to tipped employees performing work on or in connection with covered contracts will increase to $13.75 per hour.
