2010 Ohio Minimum Wage
November 27th, 2009 Posted by CaraThe Ohio minimum wage will remain stable at $7.30 per hour in 2010. The minimum wage in the Buckeye State remains 5 cents higher than the federal minimum wage at $7.25. Employers who are covered by both the state and federal minimum wages must pay the higher of the two.
The 2010 Ohio tipped minimum wage will remain at $3.65 per hour. If a tipped employee does not average at least $3.65 per hour over the payroll week, the employer must pay the difference as wages.
The Ohio minimum wage applies to employers with more than $267,000 in gross revenue during the year. All employers must display a current Ohio minimum wage poster.
Under an amendment to the Ohio constitution passed by voters in November 2006, the Ohio minimum wage is increased each year based on the rate of inflation. In the 12 months from September 1, 2008 to August 31, 2009 the rate of inflation declined 0.2 percent, according to a memo released by the Ohio Department of Commerce.
The minimum wage is based on the CPI or Consumer Price Index for urban wage earners and clerical workers.
By statute, the Ohio minimum wage cannot (more…)
2010 Ohio Minimum Wage
October 14th, 2009 Posted by CaraThe state Department of Commerce recently announced that the 2010 Ohio minimum wage will remain at $7.30 per hour.
This is good news for employers across Ohio, who had been bracing for another annual increase on January 1, 2010. Under an amendment to the constitution passed by voters in November 2006, the Ohio minimum wage will increases each year on January 1.
However, the Ohio minimum wage increase is based on inflation for the previous year – specifically, it is based on the Consumer Price Index or CPI for urban wage earners and clerical workers for the 12-month period ending August 31. So the 2010 Ohio minimum wage is based on the CPI for September 2008 through August 2009.
During that period, the CPI declined by 0.2%. By law the Ohio minimum wage cannot be reduced, but it will not be increased in 2010, either.
The Ohio minimum wage applies to employers with annual revenue of more than $267,000. Employers grossing less than $267,000 per year can pay just $7.25 per hour – an amount equal to the federal minimum wage. The minimum wage for employees who are 14 or 15 (more…)
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