Are You Ready for Another Minimum Wage Increase?

California’s minimum wage increases to $10 per hour on January 1, 2016.  Don’t forget that the increase may also affect employees who have been classified as exempt in prior years.  Typically, an exemption from overtime requires that the employee earn two times the minimum wage.  Currently, that salary is $37,440 per year.  But with minimum wage increasing, California employers are required to pay exempt employees at least $41,600. 

California also has a minimum wage rate for physicians who work on an hourly basis.  In 2016 the rate will increase from $75.19 to $76.24 per hour. 

The California minimum wage for computer software professionals who work by the hour is increasing from $41.27 to $41.85. 

It’s only money right?