Recognized as one of the top firms for client service, BakerHostetler is a leading national law firm that helps clients around the world address their most complex and critical business and regulatory issues. With five core national practice groups — Business, Labor and Employment, Intellectual Property, Litigation, and Tax — the firm has more than 970 lawyers located in 14 offices coast to coast. BakerHostetler is widely regarded as having one of the country’s top 10 tax practices, a nationally recognized litigation practice, an award-winning data privacy practice and an industry-leading business practice. The firm is also recognized internationally for its groundbreaking work recovering more than $13 billion in the Madoff Recovery Initiative, representing the SIPA Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC. Visit bakerlaw.com
To print this article, all you need is to be registered or login on Mondaq.com.
Assembly Bill 10 raises California's hourly minimum wage
rate to $9.00 per hour, beginning July 1, 2014. Effective January
1, 2016, the minimum wage rate will increase an additional $1.00 to
reach $10.00 per hour. In addition to adjusting the rates of pay
for non-exempt hourly employees, employers should review the
salaries of their exempt employees to ensure that they earn a
minimum monthly salary of no less than two times the state minimum
wage for full-time employment. Also note that effective January 1,
2014, minimum hourly rate exemption for computer software
employees, as defined by Labor Code section 515.5, increases from
$39.90 to $40.38, the minimum monthly salary exemption from
$6,927.75 to $7,010.88, and the minimum annual salary exemption
from $83,132.93 to $84,130.53.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
Recognized as one of the top firms for client service, BakerHostetler is a leading national law firm that helps clients around the world address their most complex and critical business and regulatory issues. With five core national practice groups — Business, Labor and Employment, Intellectual Property, Litigation, and Tax — the firm has more than 970 lawyers located in 14 offices coast to coast. BakerHostetler is widely regarded as having one of the country’s top 10 tax practices, a nationally recognized litigation practice, an award-winning data privacy practice and an industry-leading business practice. The firm is also recognized internationally for its groundbreaking work recovering more than $13 billion in the Madoff Recovery Initiative, representing the SIPA Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC. Visit bakerlaw.com
