Current Region & Language
Current Region & Language
Currency
USD
Employer Taxes
Federal, Social Security, Medicare, Unemployment, Workers' Compensation, PFML
Payroll Frequency
Monthly.
Language
English
Date Format
MM/DD/YYYY
Colorado By The Numbers
5.8 million
Population
421.2 billion
GDP
10
National Holidays
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Weekly Working Hours
National Holidays
Leave
Paid sick leave: 1 hour per 30 hours worked, up to 48 hours/year; paid family and medical leave starting 2024.
Employment Contracts
No state specific requirements. Federal law does not mandate written employment contracts, but specific conditions and exceptions may apply.
Types of Employment
Employees (including Temporary and Part Time workers) and Independent Contractors.
Employment Costs
FUTA: 6% on wages up to $7,000 annually;
Social Security: 6.20% on wages up to $168,000
Medicare Tax: 1.45% on wages Unemployment: 0.2% to 8.15%
Workers’ compensation
Paid Family Medical Leave
IC Class Factors
The Common Law test which is a set of guidelines used to determine whether a worker is an independent contractor or an employee. They revolve around how much control is exercised over the worker in the provision of their services to a client/customer by considering 20 factors in three key areas: financial, relationship and behavior.
Labor Leasing
No labor leasing license is required.
Minimum Wage Requirements
$14.81 per hour, effective January 1, 2025. Several city and county specific regulations require higher hourly rates.
Medical Benefits
Follows federal ACA requirements; state mandates for specific coverage like maternity and mental health services.
Probationary Periods
No specific state regulations; employer discretion.
Termination Notice
At-will employment; no notice required, but WARN Act applies for mass layoffs (60 days’ notice).
Severance
No mandatory severance pay.
Pre-hire Checks
Ban-the-box. Drug testing must follow state procedural guidelines.
Legal Disclaimer
The information provided on this website is for general informational purposes only and is subject to change without notice. The content on this website is not intended to be a substitute for professional legal advice, diagnosis, or treatment. While we strive to keep the information up to date and accurate, People 2.0 makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
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