Legalese with Steve Fireman: Minimum Wage…heyah! or Labor Laws and Your Small Business
October 26, 2010 § Leave a comment
Ever-changing labor laws can feel like a cracking whip, but don’t be fooled into thinking that these laws don’t apply to your small business. Yes, a perk of owning a business is controlling expenses and costs, however for the protection of your workers and your business it is key that you abide by labor laws and regulations.
So what are the labor laws like these days anyway? Well, the Ohio Department of Commerce has announced that Ohio’s minimum wage will remain the same in 2010. You will recall that the state minimum wage has been tied to the consumer price index for urban wage earners and clerical workers since 2006. For the 23-month period before September 1, 2009, the index declined by 0.2 percent. As such, employers grossing more than $267,000 per year will continue to pay $7.30 per hour to non-tipped employees and $3.65 per hour to tipped employees in 2010. Smaller employers will continue to pay the federal minimum wage, currently $7.25 per hour. The minimum wage for 14- and 15-year old employees remains $7.25 per hour. Need a new poster for your workplace? Find one here.
Contact your attorney if you additional questions about how labor and employment laws affect your small business. If you can’t afford an attorney, give Capital University Law School’s newly launched Small Business Clinic a call or contact ECDI for a referral.