11 Nov From the HR Support Center: Are Cost-of-Living Raises Mandatory?
Some state minimum wage adjustments are tied to the consumer price index, but otherwise, cost-of-living raises are not required by state or federal law. You just need to make sure you’re paying any applicable state and municipal minimum wages. That said, if the cost of living has increased in your area, you might want to raise wages (if you can afford it) to stay competitive in the market.
The Minimum Wage Map on the HR Support Center is a good place to start if you have questions about the minimum wage or wages where your employees work. The Laws library, also on the Support Center, has more in-depth information about city rates.
Legal Disclaimer: Payroll Partners and/or the HR Support Center are not engaged in the practice of law. The content in this email should not be construed as legal advice, and does not create an attorney-client relationship. If you have legal questions concerning your situation or the information you have obtained, you should consult with a licensed attorney. Payroll Partners and/or the HR Support Center cannot be held legally accountable for actions related to this article.