Employers who hire federal contractors should take note that as of January, 2015, certain federal contractors must be paid a minimum wage of $10.10 per hour per an Executive Order signed by President Obama.
According to the Office of the Secretary in their recent press release on the new Executive Order, the increase will apply “to a new contract or contract-like instrument, as defined by the Secretary… if” *:
- It is a procurement contract for services or construction;
- It is a contract or contract-like instrument for services covered by the Service Contract Act;
- It is a contract or contract-like instrument for concessions, including any concessions contract excluded by Department of Labor regulations at 29 C.F.R. 4.133(b); or
- It is a contract or contract-like instrument entered into with the Federal Government in connection with Federal property or lands and related to offering services for Federal employees, their dependents, or the general public
- The wages of workers under such contract or contract-like instrument are governed by the Fair Labor Standards Act, the Service Contract Act, or the Davis-Bacon Act.
Read the details on the Executive Order and how it may effect you as an employer on the White House website.
*From White House.gov
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