Effective January 1, 2011 Colorado’s Minimum Wage is increasing to $7.36/hour.
The Federal Minimum Wage will remain at $7.25/hour. Since Colorado’s minimum wage rate will be higher, effective January 1, 2011, Colorado employers will be required to pay employees at the Colorado minimum wage rate (employers are required to pay the higher rate if the state & federal minimum wage rates are different).
Click Here to get a copy of the updated Colorado employment poster Colorado employers are required to post.
Michelle is the owner of Trailhead Accounting Solutions CPA, LLC, an Erie, CO based CPA firm focused on providing small and mid-sized businesses with day-to-day accounting, bookkeeping, and business solutions. Michelle is a CFO turned consultant who loves working with small businesses and entrepreneurs. When she’s not crunching numbers, she can be found hiking, remote camping, gardening, quilting, and hanging out with her family.