For employers with more than $500,000 in gross annual sales, the minimum wage is $10.08. For those with less than $500,000, the minimum wage rate is $8.21.
An annual review must be conducted annually to increase minimum wage by 2.5% or the inflation percentage increase, whichever is less.
The city of Minneapolis has its own minimum wage based on employer size:
Employers with 101 or more employees: $13.25
It will increase as follows:
$14.25 on July 1, 2021
$15.00 on July 1, 2022
Employers with 100 or fewer employees: $11.75
It will increase as follows:
$12.50 on July 1, 2021
$13.50 on July 1, 2022
$14.50 on July 1, 2023
$15.00 on July 1, 2024
Tipped employees must be paid the standard minimum wage rate.
Employers may not require employees to participate in a tip pool or sharing arrangement.
Employees may voluntarily share tips with other employees, but not under coercion.
Non-exempt employees must be paid an overtime rate of 1 ½ times the regular rate of if they work more than 40 hours in one workweek.
The federal Fair Labor Standards Act stipulates that the minimum salary requirement for administrative, professional, and executive exemptions is $684 per week, or $35,568 per year.
Employers are required to provide sufficient restroom time, and employees who work 8 or more consecutive hours must be given enough time to eat a meal.
Breaks must be paid if they are less than 20 minutes in duration.