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How Florida's Minimum Wage Bump Affects Your Business

How Florida's Minimum Wage Bump Affects Your Business

Florida voters shocked the nation last November when they overwhelmingly voted to gradually increase the minimum wage to $15 per hour over the better part of the next decade. On September 30, the first step toward $15 will take place when the statewide minimum wage lifts to $10 per hour.

Each subsequent September 30, Florida will raise its minimum wage $1 per hour until hitting $15 per hour in 2026. After that, the minimum wage will continue to rise as it adjusts to inflation.

Employers will still be allowed to apply a tip credit of $3.02 toward the minimum wage for tipped employees.  This means tipped employees will also see a bump in hourly pay to $6.98 with an additional $1 per hour until reaching $11.98 in 2026.

Going forward, HotSchedules will automatically preset hourly minimum wage increases into our customers’ systems. Just one more reason why HotSchedules is the national leader in industry compliance.

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