Illinois Minimum Wage 2023: Everything Small Businesses Need to Know
All little business the owners know THE importance of paid people enough And stay competitive In THE work walk. Conform with minimum salary regulations East important For your team - but It is Also your legal responsibility. Fail has follow Illinois' minimum salary laws means risk penalties, prosecutions, And Shame has your reputation.
Again keeping up with changing State, city, And county minimums In Illinois can feel as A full time job. Should You budget For $13 by hour paychecks? $14? How will rising work costs impact your thin margins And operations?This guide will help You answer these questions And more. This guide breaks down Illinois minimum salary laws In clear, simple terms. You go learn THE Baseline pay rates, Future increase, And how has conform And stay In budget, socket In account over time And other factors.
Illinois minimum salary explainTHE Illinois minimum salary East upper that THE federal minimum (Currently $7.25 by hour, In 2023). More, different localities as Chicago And Cook County to have pass even upper local minimums.
That makes he even more important For Illinois companies has plan For work costs And TO DO Of course they are paid their people correctly.
Current minimum salary In IllinoisRIGHT NOW, And Since January 1, 2023, THE Illinois minimum salary East $13 by hour For without tip, adult workers.
There are a few important exceptions has This minimum pay rate.
For example, workers below 18 WHO work less that 650 hours by calendar year can legally be paid less that THE complete Illinois minimum salary. In 2023, their minimum East $10.50 by hour. However, staff below 18 years of age WHO work 650+ hours by year must be paid THE standard $13 by hour minimum.
In a few case, employers can apply For A special give up has pay A lower salary has certain workers with disabilities.
Illinois work laws are Also slightly different For tip workers - employees WHO regularly earn tips, such as bartenders, waiting staff, Or living room workers.
Basically, companies can pay tip workers less that minimum salary as long as they TO DO up THE difference In tips. This East called A advice credit.
Illinois allow employers can pay staff A advice credit up has 40% of minimum salary. That means they can pay tip employees just 60% of THE current minimum salary, which works out has $7.80 by hour.
HAS THE END of THE pay period, if THE staff members advice more species wages TO DO not equal has less THE complete $13 minimum salary by hour, THE employer must TO DO up THE shortfall.
Local minimum salary In IllinoisOn high of State law, a few localities In Illinois mandate upper minimum wages.
As of , that of Chicago current minimum salary is:
No tip workers — $15.80 by hour (if THE business has 21+ employees) $15 by hour (if THE business has 4-20 employees) Tip workers — $9.48 by hour (if THE business has 21+ employees) $9 by hour (if THE business has 4-20 employees)As of , THE minimum salary In Cook County (excluding Chicago) is:
No tip workers — $13.70 by hour Tip workers — $8 by hourIf You to have A showcase Or other business In Chicago Or Cook County, these local minimums apply instead that THE State $13 rate.
Future minimum salary changesIllinois' statewide minimum salary East together has continue rising annual through 2025.
On , he will increase has $14 by hour For without tip workers And $8.40 by hour For tip employees.
SO, on , It is program has increase has $15 hourly For without tip employees And $9 For tip.
Chicago And Cook County Also to have foreseen increase future up In July. THE exact the amounts do not have has been confirmed Again, but THE increase will be base on inflation using THE Consumer Price Hint (CPI) - unless THE CPI East above 2.5%, In which case they will apply A 2.5% minimum salary increase cap.
It is Also important has be aware that Chicago recently brought In new legislation has by 2028, meaning that companies will to have has to start paid tip workers THE even minimum salary as without tip workers In THE future.
On , THE permit advice credit In Chicago will shrink Since 40% has 32%: employers will to have has pay tip staff has less 68% of THE mini...
All little business the owners know THE importance of paid people enough And stay competitive In THE work walk. Conform with minimum salary regulations East important For your team - but It is Also your legal responsibility. Fail has follow Illinois' minimum salary laws means risk penalties, prosecutions, And Shame has your reputation.
Again keeping up with changing State, city, And county minimums In Illinois can feel as A full time job. Should You budget For $13 by hour paychecks? $14? How will rising work costs impact your thin margins And operations?This guide will help You answer these questions And more. This guide breaks down Illinois minimum salary laws In clear, simple terms. You go learn THE Baseline pay rates, Future increase, And how has conform And stay In budget, socket In account over time And other factors.
Illinois minimum salary explainTHE Illinois minimum salary East upper that THE federal minimum (Currently $7.25 by hour, In 2023). More, different localities as Chicago And Cook County to have pass even upper local minimums.
That makes he even more important For Illinois companies has plan For work costs And TO DO Of course they are paid their people correctly.
Current minimum salary In IllinoisRIGHT NOW, And Since January 1, 2023, THE Illinois minimum salary East $13 by hour For without tip, adult workers.
There are a few important exceptions has This minimum pay rate.
For example, workers below 18 WHO work less that 650 hours by calendar year can legally be paid less that THE complete Illinois minimum salary. In 2023, their minimum East $10.50 by hour. However, staff below 18 years of age WHO work 650+ hours by year must be paid THE standard $13 by hour minimum.
In a few case, employers can apply For A special give up has pay A lower salary has certain workers with disabilities.
Illinois work laws are Also slightly different For tip workers - employees WHO regularly earn tips, such as bartenders, waiting staff, Or living room workers.
Basically, companies can pay tip workers less that minimum salary as long as they TO DO up THE difference In tips. This East called A advice credit.
Illinois allow employers can pay staff A advice credit up has 40% of minimum salary. That means they can pay tip employees just 60% of THE current minimum salary, which works out has $7.80 by hour.
HAS THE END of THE pay period, if THE staff members advice more species wages TO DO not equal has less THE complete $13 minimum salary by hour, THE employer must TO DO up THE shortfall.
Local minimum salary In IllinoisOn high of State law, a few localities In Illinois mandate upper minimum wages.
As of , that of Chicago current minimum salary is:
No tip workers — $15.80 by hour (if THE business has 21+ employees) $15 by hour (if THE business has 4-20 employees) Tip workers — $9.48 by hour (if THE business has 21+ employees) $9 by hour (if THE business has 4-20 employees)As of , THE minimum salary In Cook County (excluding Chicago) is:
No tip workers — $13.70 by hour Tip workers — $8 by hourIf You to have A showcase Or other business In Chicago Or Cook County, these local minimums apply instead that THE State $13 rate.
Future minimum salary changesIllinois' statewide minimum salary East together has continue rising annual through 2025.
On , he will increase has $14 by hour For without tip workers And $8.40 by hour For tip employees.
SO, on , It is program has increase has $15 hourly For without tip employees And $9 For tip.
Chicago And Cook County Also to have foreseen increase future up In July. THE exact the amounts do not have has been confirmed Again, but THE increase will be base on inflation using THE Consumer Price Hint (CPI) - unless THE CPI East above 2.5%, In which case they will apply A 2.5% minimum salary increase cap.
It is Also important has be aware that Chicago recently brought In new legislation has by 2028, meaning that companies will to have has to start paid tip workers THE even minimum salary as without tip workers In THE future.
On , THE permit advice credit In Chicago will shrink Since 40% has 32%: employers will to have has pay tip staff has less 68% of THE mini...
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