HR Glossary

What is Federal Minimum Wage?

The lowest hourly pay rate that US employers must pay non-exempt workers under the Fair Labor Standards Act (FLSA), set at $7.25 per hour since July 2009 and unchanged for over 15 years.

Why it matters in hiring

Federal Minimum Wage comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with F

• Factories Act
• Fair Labor Standards Act (FLSA)
• Fair Work Act (Australia)
• Family and Medical Leave Act (FMLA)
• Federal Tax
• FICA
• Flexible Benefits (Cafeteria Plan)
• Forced Ranking

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.