January in Vermont means snow, skis, … and an annual increase in the state minimum wage. Effective January 1, 2014, the minimum wage for Vermont climbs to $8.73 per hour.
Vermont is counted among the 21 states that pay an hourly rate higher than the Federal requirement ($7.25 per hour). By law, Vermont’s annual increase is based on the percentage increase of the Consumer Price Index — or five percent — whichever is smaller. The Vermont Department of Labor maintains a website with additional information on its state labor laws.
One other thing … the rising costs of payroll make it more important than ever to spend those employee dollars wisely. So we have compiled a free hiring guide with the strategies that have been successful for us. Our 20+ years of trial and error may help you find the skilled, reliable, long-term employees that you need.
Vermont small business owners can use Patriot Software’s affordable online payroll to handle all of their employee payroll. See for yourself how easy running payroll can be with a 30 day free trial.