Planning your January 2023 employer labor cost budget for California business owners
Effective January 1, 2023, employers regardless of their number of employees, must pay all employees at least $15.50 per hour
· On July 27th California's department of finance confirmed that due to inflation the minimum wage for all employers will increase to $15.50 per hour on January 1, 2023.
· This wage increase will be for large and small employers
· On January 1, 2023, to qualify for a white-collar exemption, the employee must receive an annual salary of at least $64,480 annually ($1,240 weekly) for all employers.