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Planning your January 2023 employer labor cost budget for California business owners

Firm Foundation

Effective January 1, 2023, employers regardless of their number of employees, must pay all employees at least $15.50 per hour

· On July 27th California's department of finance confirmed that due to inflation the minimum wage for all employers will increase to $15.50 per hour on January 1, 2023.

· This wage increase will be for large and small employers

· On January 1, 2023, to qualify for a white-collar exemption, the employee must receive an annual salary of at least $64,480 annually ($1,240 weekly) for all employers.


 
 
 

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