Maryland Minimum Wage 2024 Schedules. In may 2023, however, the general assembly passed the fair wage act of 2023, accelerating the schedule so that the minimum wage will now be $15 effective on january 1, 2024. In 2023, the minimum wage in.
With the new legislation, the accelerated time frame means all employers in maryland, regardless of the number of employees, will be required to pay at least $15 per hour in january. 58 rows release table for 2024, release tables:
The Minimum Wage For All Employees Paid On An Hourly Basis Is $15 Per Hour (Applicable From January 1, 2024) Irrespective Of Company Size.
Until then, small employers pay $12.80 per hour and large employers pay $13.25 per hour.
Maryland Has Raised The Minimum Wage To $15 Per Hour.
1y | 5y | 10y | max.
Labor Costs Go Up For Maryland Employers Starting January 1, 2024, Thanks To The Fair Wage Act Of 2023 (Aka Senate Bill 555 ).
Images References :
Maryland's Minimum Wage In 2024 Is $15 Per Hour Statewide.
For employers with 15 or more employees, the minimum wage matches the state rate of $15.00 per hour as of january 1, 2024.
Previously, State Law Contained Scheduled Increases In The Minimum Wage Effective Jan.
As of january 2024, the federal minimum salary threshold for exempt employees is $684 weekly or $35,568 annually.