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- Beginning January 1, 2024, Ohio’s minimum wage is $10.45 for employers who earn $385,000 or more per year in gross receipts1. For employers who earn less than $385,000 in annual gross receipts, the minimum wage remains at $7.25, as set forth in the Fair Labor Standards Act1. The exemption threshold for businesses has also increased2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Beginning January 1, 2024, Ohio’s minimum wage is $10.45 for employers who earn $385,000 or more per year in gross receipts. Employers who earn less than $385,000 in annual gross receipts need only pay employees the minimum wage set forth in the Fair Labor Standards Act, which is currently $7.25.www.employmentlawhandbook.com/employment-a…On January 1, 2024, Ohio’s minimum wage increased to $10.45 hourly for non-tipped employees and $5.25 per hour for tipped employees, according to the Ohio Department of Commerce. The exemption threshold for businesses will also be higher: the new minimum wage only applies to employees of companies who gross more than $385,000 per year.joinhomebase.com/blog/ohio-minimum-wage/
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