HR & Payroll News

Virginia's New Hourly Minimum Wage Schedule Update

Per the Virginia Minimum Wage Act, the hourly minimum wage in Virginia will increase on January 1, 2023 to $12 per hour. The Act also includes gradual increases to $13.50 on January 1, 2025 and $15.00 on January 1, 2026, which will be contingent on the General Assembly's enactment by July 1, 2024.

Impacted individuals include student wage, work study and non-student wage workers with current hourly rates below $12.00 per hour as of January 1, 2023. The rates for these individuals will be automatically increased to the new threshold on the effective date.

Additional information for future increases will be provided prior to the effective dates.

For related questions, please contact the Classification and Compensation team at workplan@gmu.edu.