image credit: Pexels

DOL Finalizes $15 Minimum Wage Rule for Federal Contractors

November 23, 2021


Many federal contractors will have to pay workers at least $15 an hour by Jan. 30, 2022, under a final rule that the U.S. Department of Labor (DOL) recently announced.

The final rule implements Executive Order 14026—which President Joe Biden signed in April—and affects most new federal contracts, as well as renewals and extensions of existing contracts.

Labor Secretary Marty Walsh said the rule will help workers who “do essential work on our nation’s behalf,” such as building and repairing the federal infrastructure, cleaning and maintaining national parks, and caring for veterans. “Implementing this Executive Order improves the economic security of these workers and their families, many of whom are women and people of color,” he said.

Read More on SHRM