The minimum wage is the lowest wage an employer can pay their employees. Each province or territory sets and changes its own minimum wages. Employers are obligated to pay their employees at least twice a month. All salaries are to be paid within 7 days of the end of the pay period.
Do you have questions about paying your employees? Our experts can help. Here’s what employers need to know about minimum employment standards for paying wages.
Newfoundland and Labrador’s general minimum wage is $13.70 per hour
The minimum wage in Newfoundland and Labrador increased by 50 cents to $13.70 on October 1, 2022.
After October 1, 2022, the next expected minimum wage increase in Newfoundland and Labrador will be on April 1, 2023 ($14.50 per hour), followed by another hike on October 1, 2023 ($15.00 per hour).
It is important to be aware of the rules around minimum wage as well as any exempt occupations. Do you have questions about paying your employees? Our experts can help.
What does this mean for employers?
As the minimum wage in Newfoundland and Labrador changes annually, you’ll have to prepare your business by:
- Updating contracts and policies to reflect these changes.
- Communicating any transition to your staff.
- Ensuring your payroll systems are updated.
Managing minimum wage updates is a big job – and between running your business and managing your staff, payroll changes can sometimes be forgotten. Get expert support from Employer Line today.
Questions about paying wages? Ask an HR expert today.
Employer Line is here to help employers understand Newfoundland and Labrador’s regulations around compensation. Call our complimentary HR and employment standards helpline to speak with one of our HR experts: 1-709-383-1883.