On Monday, November 22, 2021, the U.S. Department of Labor’s Wage and Hour Division announced a final rule that increases the hourly minimum wage for certain federal contractors to $15 effective January 30, 2022. Executive Order 14026 implements new requirements, including: Increasing the hourly minimum wage for certain federal contractors to $15 beginning January 30, 2022. Continues to index the minimum wage…
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