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When I was the Executive Director of the Central Ohio Community Improvement Corporation, Parms + Company served as our auditor. When I began as Executive Director, the books had been poorly maintained. Parms + Company provided invaluable assistance in helping me resolve this matter. I would recommend them whole-heartedly to everyone. - Joel Teaford Executive Director Central Ohio Community Improvement Corporation

Home > Resources + Tools > Blog > Minimum Wage To Increase January 1st

Minimum Wage To Increase January 1st

December 31, 2014

Beginning Friday, January 1, Ohio’s minimum wage will increase to $8.10 an hour.

The Federal Labor Standards Act (FLSA) contains minimum wage provisions which most employers in the U.S. are required to pay. Currently that rate is $7.25/hour. However, many states have adopted minimum wage rates higher than the federal rate, including Ohio.

When state rates and the federal rate are different, employers must pay their employees the higher rate. Employers should review their employees’ pay rates to ensure they are paying the correct minimum wage. Also, update minimum wage poster notices if necessary to be in compliance with wage and hour regulations.

Parms + Company has been ECDI’s auditing firm for 3 years and we have been pleased with our working relationship with the firm. As 501(c)(3) that receives in excess of $500,000 of Federal funding per year, this audit is critical to ECDI as it becomes our “scorecard to the world.” - Steve Fireman President Economic and Community Development Institute