As we updated you last week, President Obama has signed an Executive Order increasing the minimum wage for employees of federal contractors to $10.10 an hour. After reading the the Order many employers still have questions surrounding the impact of the President’s executive action. We have prepared some FAQs to help answer these questions.
The President has ordered the Department of Labor is issue implementing regulations addressing this new Executive Order by October 14, 2014. Prior to doing so, the Department will need to release, and make available for public comment, its proposed regulations. As we learn more information about the proposed regulations and other details about the President’s Order we will let you know.