Colorado Raises Minimum Wage for 2013

colorado payrollHourly minimum wage workers in Colorado will receive a raise on Jan. 1, 2013. The new Colorado minimum wage is now $7.78 per hour, a 14-cent increase from the previous rate of $7.64. The federal minimum wage remains at $7.25.

The minimum wage for tipped employees in Colorado will also increase to $4.76, up from $4.62 per hour. Tipped employees are defined as those who “customarily and regularly receives more than $30 in tips.”

Colorado is one of 10 states that adjust their state minimum wage to reflect changes in the consumer price index (CPI).

To download the required state minimum wage poster, visit the Colorado.gov website.

Patriot Software, Inc., is a developer of online software for U.S. small businesses, including online payroll softwareapplicant tracking softwarehuman resources software, an employee portal, and 1099 software. Patriot Software also offers a payroll tax filing service for payroll customers, and is currently developing bookkeeping software and a website builder. For more information, visit www.PatriotSoftware.com

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