Capstone Certified Public Accountants, LLC reaches out to inform you about an upcoming change that may affect your business’s payroll operations. Starting on July 1, 2024, Oregon’s minimum wage will increase.
New Minimum Wage Rates Effective July 1, 2024:
- Standard Rate: $14.70 per hour
- Portland Metro Area Rate: $15.95 per hour
- Nonurban Counties Rate: $13.70 per hour
These adjustments are part of Oregon’s ongoing efforts to ensure fair wages for all workers in the state. The changes were enacted by the Oregon Bureau of Labor and Industries and affect all employers operating within the state.
Please visit the Oregon Bureau of Labor and Industries (BOLI) Site for more detailed information and guidance on Oregon’s minimum wage increase.
What This Means for You
If Capstone runs your payroll, we will automatically increase all employees who are paid minimum wage to the new rate starting July 1, 2024. You can rest assured that our payroll specialists are fully aware of these changes and are actively preparing to ensure seamless compliance with the new requirements.
If you handle your own payroll, please ensure that wages are updated for all minimum wage employees to the proper rate effective July 1, 2024. This email is purely informative; your payroll processes will need to be updated accordingly to comply with the new minimum wage rates.
Thank you for taking the time to read this important update. If you have any questions or need further assistance regarding the minimum wage increase or any other payroll-related matters, our dedicated team is ready to help. Please feel free to reach out to us by simply contacting Capstone CPAs.
