Labor Department Sets New Federal Contractor Minimum Wage for Narrow Group: Key Takeaways for Employers

Some federal contractors will need to ensure compliance with a new $13.65 minimum wage that takes effect on May 11 for contracts covered by the Obama-era Executive Order 13658. But the new rate will apply only to a narrow group of contracts entered into before January 30, 2022. What does this mean for federal contract compliance? Here’s an overview of your continuing obligations and a few steps you should consider taking now.... By: Fisher Phillips