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Update: Minimum Wage for Federal Contractors Set


Recently, the Department of Labor announced the minimum wage rate for federal contractors will increase from $10.10 to $10.15 per hour, beginning January 1, 2016.  Readers might remember President Obama's Executive Order 13658 that he signed last year which established the minimum wage rate for certain federal contractors to be adjusted on an annual basis. 

Some might be surprised that it is only a $.05 increase per hour.  Perhaps more importantly, readers should note that while it may be a low hourly increase, per the Executive Order, this rate will be adjusted on an annual basis.  Have to start somewhere, right?


For additional information, see the Press Release:  http://www.dol.gov/whd/flsa/eo13658/

For additional information on the wage increase, see the Federal Register:  https://www.federalregister.gov/articles/2015/09/16/2015-23235/establishing-a-minimum-wage-for-contractors-notice-of-rate-change-in-effect-as-of-january-1-2016

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