Colorado Minimum Wage 2024 Tipped Employees Pay. For information on how to manually calculate a state employee’s time in their job class please see the instructions for calculating time in job series. Colorado labor law allows tipped employees to be paid a lower cash wage than the standard colorado minimum wage by their employers, as up to $3.02 in tips earned per hour can be deducted from their wage as a tip credit.
However, each state can also establish its own minimum wage rate, provided it meets or exceeds the federal standard. Colorado (if no higher local minimum) $14.42 ($11.40 w/ tip credit) $13.65 ($10.63 w/ tip credit) $12.56 ($9.54 w/ tip credit) denver:
And Parallel State Laws Require That Nonexempt Employees Receive Overtime Pay For All Hours Worked In Excess Of 40 Hours In Any One Workweek.
Some states set subminimum rates for minors and/or students or exempt them from coverage or have a training wage for new hires.
The Minimum Wage For Tipped Employees Is $8.40, With Employers Required To Make Up The Difference If Tips Don’t Boost The Pay Rate To The Standard Minimum Wage.
The colorado fiscal institute, which lobbied in support of the bill, estimates 440,000 workers in colorado lose more that $728 million to wage theft each year, with minors, women, and workers of.
Because The State Minimum Wage Is Higher, Colorado Employees Are Entitled To The More Generous State Wage.
