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Jan 9, 2025
Posted Under: Human Resources

Starting January 1, 2025, Alaska’s minimum wage will rise from $11.73 to $11.91, reflecting an annual adjustment linked to inflation from a ballot initiative passed in 2014. On July 1, 2025, a further increase will raise the minimum wage to $13 per hour, following the approval of Ballot Measure 1 in 2024. Under this same measure, the minimum wage will continue to rise, reaching $14 per hour in 2026 and $15 per hour in 2027.

Additionally, beginning July 1, 2025, employers who do not already have a paid time off policy that meets the elements of the ballot measure will be required to provide paid sick leave. If an employer has 15 or more employees, each employee can accrue up to 56 hours of paid sick leave per year. If the employer has fewer than 15 employees, each employee can accrue up to 40 hours of paid sick leave per year.

We plan to host a special briefing webinar with more information on how you can prepare in the coming weeks. Stay tuned for details.