Upcoming Labor Law Updates You Must Know About
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As the year 2020 comes to an end, employers must be mindful of various Labor Law requirements that must be implemented the end of 2020 or beginning of 2021. Here is a list of important updates you must know about and take proper action and implement if applicable to your business.
1. Florida Minimum Wage Rate for 2021. The New Rate Becomes Effective Jan. 1, 2021
On Nov. 3, 2020, voters in Florida approved a constitutional amendment that will raise the state minimum wage rate each year until it reaches $15 per hour in 2026. Beginning in 2027, the state minimum wage rate will be adjusted annually by Florida’s Department of Economic Opportunity.
The amendment did not change the tip credit Florida allows employers to deduct from their tipped employees. Since this credit will remain at $3.02, projected minimum wage rates for tipped employees are also included in the table below.