In Nevada, a two-tiered minimum wage structure is in effect. Whether or not employees are provided with qualified health benefits determines this structure. If an employee is provided with qualifying health benefits, the minimum wage rate for the period commencing July 1, 2023 and ending June 30, 2024 is $10.25 per hour; otherwise, the minimum wage rate is $11.25 per hour. Read the Nevada minimum wage 2023 guidebelow.
Those who earn more than 1.5 times the minimum amount of wage for both tiers in Nevada – $15.375 every hour for those who are offered health benefits and $16.875 every hour for those who are not – are eligible for overtime pay at 1.5 times their regular rate of pay for working more than 40 hours in a given week. This pertains to both employees who receive health benefits and those who do not.
There are numerous minimum wage rates in existence.
If an employee is subject to multiple minimum wage requirements (such as federal, state, and local), you should typically comply with the highest rate. This includes federal, state, and local minimum wage laws. If the state minimum wage is $14 and the local minimum wage is $15, for example, you must pay the employee at least $15 per hour because the local minimum wage rate is higher than both the state and federal minimum wage rates.
Workers who are paid more than the minimum wage mandated by the federal government
When the minimum wage is increased, employers may offer pay increases to workers whose current wages are equal to or greater than the new minimum wage. Even though there is no legal obligation to provide a raise in this situation, some employees may anticipate receiving one. Consider the impact this may have on employee morale, labor costs, internal equity (how employees are compensated relative to others within the organization based on their talents and experience), and the regular merit rise schedule.
There will be additional price increases in 2023.
In some administrative districts, modifications are scheduled to occur at a distinct time of year. On September 30, 2023, for example, the minimum wage in Florida will increase from $8.00 per hour to $12.00 per hour. Maintain compliance by keeping a close watch on any changes to the minimum wage in your jurisdiction.
Overtime exclusions
In some jurisdictions, including Oregon, the minimum wage is used to determine whether or not an employee is entitled to overtime pay. However, other states use a distinct formula. Despite this, Oregon’s new exemption minimum wage requirements will remain below the federal level, which is currently set at $684 per week. Therefore, the change in the state’s wage requirements for exemption will likely only affect employees who are not covered by the federal Fair Labor Standards Act (virtually all employees are covered) but who are covered by state law. This is because virtually all employees are covered by federal law.
