As we previously reported, several states announced that their minimum wage rates will increase in 2012. Shortly after publishing our previous client alert, Vermont announced its 2012 minimum wage rates.
Effective January 1, 2012, Vermont’s regular minimum wage increases from $8.15 to $8.46 per hour. The minimum wage for tipped employees increases from $3.95 to $4.10 per hour. The maximum tip credit an employer may take increases from $4.20 to $4.36 per hour.
To learn more about how minimum compensation rates may affect your company or if you have any questions regarding these issues, please contact your employment counsel at Smith, Gambrell & Russell, LLP.