New Requirements for New Hire Reporting and Minimum Wage Increase
New Hire Reporting:
All employers are required to report newly hired, or rehired, employees that are working in the state of Florida no matter how large or small their organization is. Previously this was only required of companies that had 250 employees or more. It should be noted that employers must also report independent contractors if they are paid $600 or more in a calendar year.
The employer must send this report within 20 days of an employee being hired, or if they are reporting this update electronically, twice a month, with 12 to 16 days apart.
The following information on new hires should be sent to the Florida’s State Directory of New Hires:
- Name, address, and social security number or other identifying number assigned to the individual under section 6109 of the Internal Revenue Code of 1986;
- The date services for payment were first rendered by the individual; and
- The name, address, and employer identification number (EIN) of the employer
Florida Minimum Wage Increase:
As of September 30, 2021 the minimum wage in the state of Florida has increased to $10 per hour. For tipped employees, the new minimum wage is $6.98. A new poster is available from the Florida Department of Economic Opportunity and should be displayed in a conspicuous location in the workplace. A copy of this poster can be downloaded using the button below.
Additionally, please note that the minimum wage rate is set to increase each year on September 30th. Here is a breakdown of that increase each year. The $15 per hour rate will run through December 31, 2027. The state will calculate the new minimum wage that takes effect on January 1st of the following years based on the Consumer Price Index.
- 2022 – $11 per hour
- 2023 – $12 per hour
- 2024 – $13 per hour
- 2025 – $14 per hour
- 2026 – $15 per hour
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