Large employers must pay at least $10.33 an hour when the employers annual gross revenues are $500,000 or more. Small employers must pay at least $8.42 an hour when the employer’s annual gross revenues are less than $500,000.
What is a large employer in MN?
(1) “Large employer” means an enterprise whose annual gross volume of sales made or business done is not less than $500,000 (exclusive of excise taxes at the retail level that are separately stated) and covered by the Minnesota Fair Labor Standards Act, sections 177.21 to 177.35.
What is the biggest company in Minnesota?
Target Corp.
The Top 10 Largest Companies in Minnesota
| Rank | Company | Number of Employees |
|---|---|---|
| 1 | Target Corp. | 409,000 |
| 2 | UnitedHealth Group | 330,000 |
| 3 | Cargill | 155,000 |
| 4 | Medtronic | 104,950 |
Who is the largest employer in the state?
Walmart is by far the largest employers in the United States, employing about 1.5 million Americans. Other companies, however, are beginning to close in on Walmart’s headcount.
What major companies are in Minnesota?
Minnesota’s Fortune 500 companies: These are the largest companies in the state
- 476. Polaris Industries.
- 351. Thrivent Financial for Lutherans.
- 328. Hormel Foods.
- 274. Xcel Energy.
- 249. Ameriprise Financial.
- 215. Ecolab.
- 212. Land O’Lakes.
- 201. Supervalu.
What is the minimum wage in Minnesota 2022?
$10.33 an hour
Minnesota’s minimum-wage rates will be adjusted for inflation Jan. 1, 2022, to $10.33 an hour for large employers and $8.42 an hour for other state minimum wages.
What is minimum wage in MN?
For small businesses with 100 or fewer employees, the minimum wage bumped from $12.50 to $13.50 an hour. Large businesses with more than 100 employees must pay workers at least $15 an hour. Tips and gratuities do not count towards the payment of minimum wage.
What is the most valuable company in Minnesota?
Minnesota’s Most Valuable Brands of 2021 Revealed
- United Healthcare is Minnesota’s most valuable brand, with a brand value of US$27.3 billion.
- Target (US$20.7 billion) and Optum (US$12.4 billion) complete Minnesota’s top three.
- Target also recorded the fastest brand value growth in Minnesota this year, up 30% from 2020.
What is the main source of income in Minnesota?
agricultural
Minnesota is a leading state in annual farm income. It ranks at #5 among the states, generating about 4% of the nation’s total agricultural receipts. In terms of revenue generated Minnesota’s top five agricultural products are corn for grain, hogs, soybeans, dairy products, and and cattle and calves.
How many Fortune 500 companies are in MN?
That would have taken Minnesota’s tally down to 15 companies, but St. Paul-based Securian Financial Group Inc. regained its spot on the Fortune 500.
New Fortune 500: 16 Minnesota Companies Make List.
| Company | 2020 Fortune 500 Ranking | Revenue |
|---|---|---|
| 3M | #103 | $32.1 billion |
| CHS | #105 | $31.9 billion |
| U.S. Bancorp | #113 | $27.3 billion |
| General Mills | #192 | $16.9 billion |
Is Walmart a private employer?
Employees are mixed and composed of various Economic sectors such as the Business sector, Private sector, Public sector, and the Voluntary sector.
Employment by company.
| United States-based Largest Private Employers | ||
|---|---|---|
| Rank | Employer | Global number of Employees |
| 1 | Walmart, Inc. | 2,300,000 |
| 2 | Amazon.com, Inc. | 1,608,000 |
What employer type is Walmart?
public company
What type of company is Walmart? Walmart is a public company.
Who is the number 1 employer in the US?
Walmart
Walmart is the largest American employer, with a workforce of nearly 2.2 million people.
What is the fastest growing city in Minnesota?
Ranier is the fastest growing city in Minnesota over the past 10 years, having grown 350.34% since 2010. 2022 Pop.
What is headquartered in MN?
Detailed List Of The 100 Biggest Companies In Minnesota
| Rank | Company | City |
|---|---|---|
| 1 | Target | Minneapolis |
| 2 | UnitedHealth Group | Minnetonka |
| 3 | Cargill | Wayzata |
| 4 | Best Buy | Richfield |
What industry is in Minneapolis?
Publishing, milling, food processing, graphic arts, insurance, and high-technology industries are also important. The Twin Cities region is a rail and trucking centre and includes a major international airport in the southeastern corner of Minneapolis.
What is a livable wage in MN?
Living Wage Calculation for Hennepin County, Minnesota
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 0 Children | |
| Living Wage | $18.74 | $14.49 |
| Poverty Wage | $6.19 | $4.19 |
| Minimum Wage | $10.33 | $10.33 |
What is considered a good salary in Minnesota?
A good salary in Minneapolis, MN is anything over $48,000. That’s because the median income in Minneapolis is $48,000, which means if you earn more than that you’re earning more than 50% of the people living in Minneapolis.
What is the cost of living in Minnesota?
With an average living cost of $55,061.78 per year, the costs of living in Minnesota are significantly cheaper compared to the national average.
What is 15.00 an hour annually?
about $31,200 per year
With 52 weeks in the year, that means you work a total of 2,080 hours per year. Therefore a person making $15 an hour would make about $31,200 per year.
Which state has the highest minimum wage?
Excluding Washington, D.C.’s $15.20 hourly minimum wage, California has the highest in the country at $14 per hour. Washington and Massachusetts are close behind, with $13.69 per hour and $13.50 per hour, respectively.