Constangy FYI
President Obama's Executive Order requiring certain federal contractors and subcontractors to pay an increased hourly minimum wage includes a mandate that the Secretary of Labor determine increases to the wage rate on an annual basis.
The Secretary has announced that, effective January 1, 2016, the new minimum wage will be increased from $10.10 to $10.15 per hour and that the rate for tipped employees will rise from $4.90 to $5.85 per hour.
For additional information regarding which contractors are covered by these requirements and which employees are entitled to the minimum wage, please see our prior Affirmative Action Alert on the Final Rule or contact a member of Constangy's Strategic Affirmative Action Practice Group.