December 2024

State Updates

 

Colorado minimum wage to increase on January 1, 2023

10/06/22

Author: ADP Admin/Wednesday, October 5, 2022/Categories: Compliance Corner , State Compliance Update, California

Colorado has announced that the state’s minimum wage will increase.

The Details: 

 

On January 1, 2023, the Colorado state minimum wage will increase from $12.56 per to $13.65 per hour.

Also on January 1, 2023, tipped employees (workers who customarily receives more than $30 per month in tips) must receive at least $10.63 per hour in cash wages.

Next Steps:

Colorado employers as of the first day of 2023 must pay employees at least the minimum wage as outlined above.

Have Questions?

Please contact your dedicated service professional with any questions.  

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