As we enter further into 2024, it remains crucial for businesses, especially those in Colorado, to stay abreast of the latest employment law changes. Effective January 1, 2024, several updates that impact employers of all sizes have been introduced. At Hire With Ease, we believe in keeping you informed and empowered to navigate these changes seamlessly. Let’s delve into the key updates:
1. Pay Transparency Law Enhancements
One significant change revolves around the Pay Transparency Law. Employers are now required to provide advanced notice to employees about all job opportunities, not just promotional ones. This includes detailing the rate or range of pay, benefits, and the application window’s closing date. Post-selection, within 30 days of a new hire, employers must communicate key information to existing employees, fostering transparency and openness within the workplace.
For more information, click here.
2. Magic Mushrooms: Legalization and Workplace Implications
In a groundbreaking move, Colorado has legalized the possession and use of psilocybin (magic mushrooms) in specific quantities and settings. However, employers retain the right to regulate and prohibit their use within the workplace. Similar to cannabis legalization, businesses should carefully consider their response to drug test results to avoid a smaller candidate pool or disabilities.
For more information, click here.
3. Colorado Paid Family and Medical Leave (FAMLI) Program Launch
The much-anticipated Colorado Paid FAMLI Leave Program is set to take effect. While the state manages the program and payouts, employers play a crucial role in offering job protection during FAMLI-qualifying leaves. Ensure you are well-versed with the program details to provide the necessary support to your employees.
For additional resources, you can view the Administrator Fact Sheet from Colorado.gov or explore the Small Business Corner.
4. Minimum Wage Adjustments
Statewide: Colorado’s minimum wage is set to increase to $14.42 per hour. Tipped employees will see their minimum base wage rise to $11.40 per hour.
Denver: The city and county minimum wage will rise to $18.29 per hour, with tipped employees earning a minimum base wage of $15.27 per hour.
Edgewater (New Locality): Edgewater introduces its minimum wage of $15.02 per hour, with tipped employees earning a minimum base wage of $12 per hour. Employers are required to provide notices in English and Spanish. More details here.
Boulder County (New Locality): Unincorporated Boulder County will implement a minimum wage of $15.69 per hour, with tipped employees earning $12.67 per hour. Employers are required to provide notices in English and Spanish, ensuring compliance with the latest regulations. Read the ordinance here.
Stay proactive by posting notices in prominent areas accessible to all employees or providing information individually, as needed. Learn more from the Colorado Department of Labor and Employment.
As you navigate the evolving landscape of Colorado employment laws in 2024, it’s essential to stay informed and proactive. For a deeper understanding of these updates and how they might affect your business, don’t hesitate to reach out to our team at Hire With Ease. We’re here to guide you through these changes and ensure your business remains compliant and thriving.
Contact us today to discuss how we can support your unique needs.