Florida Announces $8.65 Minimum Wage Rate for 2021

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New Florida Minimum Wage

Editor’s Note: Currently, Florida voters are voting on if Florida should increase its minimum wage to $15 over a 6-year period. If 60% of Florida voters approve, we will update this post.

Florida has published new minimum wage posters announcing an $8.65 minimum wage rate for 2021. Florida’s minimum wage rate is adjusted annually to reflect changes in the cost of living.

The new rate becomes effective Jan. 1, 2021. Employers should be mindful of local laws, ordinances and any rule or regulation that may increase an employee’s minimum wage rate.

Tipped Employees

Florida allows employers to pay their tipped employees a minimum wage rate of at least $5.63 per hour.

A tipped employee is an employee who engages in an occupation where he or she customarily and regularly receives more than $30 per month in tips.  Employers are required to subsidize a tipped employee’s minimum wage rate if the employee’s tips and gratuities are insufficient to allow the employee to receive wages that are at least equal to the state’s minimum wage rate.

Posting Requirement

Employers must display the 2021 minimum wage poster in a location where employees can easily see it. The Florida 2021 minimum wage poster is available in English, Spanish and Creole.

Next Steps for Employers

Florida employers should review and adjust their payroll systems to make sure nonexempt employees receive wages that are at least equal to the state’s minimum wage rate.

If you have any questions regarding your required posting notices, please reach out to Libertate Insurance Services at 888-501-0014.

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The PEO Compass is a friendly convergence of professionals and friends in the PEO industry sharing insights, ideas and intelligence to make us all better.

All writers specialize in Professional Employer Organization (PEO) business services such as Workers Compensation, Mergers & Acquisitions, Data Management, Employment Practices Liability (EPLI), Cyber Liability Insurance, Health Insurance, Occupational Accident Insurance, Business Insurance, Client Company, Casualty Insurance, Disability Insurance and more.

To contact a PEO expert, please visit Libertate Insurance Services, LLC and RiskMD.

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