For Federal Contractors, New Year Rings in New Minimum Wage Requirements

Fox Rothschild – As of January 30, 2022, thousands of federal contractors and subcontractors will be required to raise the minimum wage for employees who work on or in connection with a covered federal contract. Specifically, pursuant to Executive Order 14026 federal contractors will be required as of the effective date to increase their minimum wage to $15 per hour for employees subject to the Fair Labor Standards Act (FLSA) and $10.50 for tipped employees.