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Preparing for Florida’s minimum wage hike

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in Compensation and Benefits,Human Resources

Florida’s minimum wage rises to $6.79 per hour on Jan. 1, 2008. Florida law requires the Agency for Workforce Innovation to adjust the minimum wage annually to reflect changes in the U.S. Consumer Price Index for urban wage earners and clerical workers in the South. The index rose 1.85% in the year ending Sept. 1, 2007.

Florida’s minimum wage continues to outpace the federal minimum wage of $5.85 per hour. Even with the scheduled July 24, 2008, boost, the federal minimum wage will rise to only $6.55. Federal law requires employers to pay employees the higher of the federal or state minimum wage.

Because of Florida’s annual adjustments, the state minimum wage will most likely remain ahead of the federal minimum for years to come, even when the federal rate rises to $7.25 on July 24, 2009. Florida will adjust its minimum wage again on Jan. 1, 2009.

Making the transition

Jan. 1 falls on a Tuesday. Employers that pay weekly...(register to read more)

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