Iowa Admin. Code r. 261-67.8 - Authority procedure for establishing wage requirements
Created jobs shall meet the
(1) For the purposes of
establishing qualifying wage threshold as defined in Iowa Code section 15.491
as enacted by 2024 Iowa Acts, Senate File 574, section 3, "laborshed area"
means the geographic area surrounding an employment center from which the
employment center draws its commuting workers as defined by the department of
workforce development.
(2) The
authority will update the qualifying wage thresholds annually each fiscal year.
The thresholds will take effect on September 1 of each fiscal year and remain
in effect until August 31 of the following fiscal year. If the authority
determines that the laborshed wage of a laborshed area would increase by more
than one dollar per hour, the authority will limit the increase to the
qualifying wage threshold for that laborshed area for that annual update to one
dollar per hour.
(3) The authority
will calculate the laborshed wage as follows:
a. The most current covered wage and
employment data available from the department of workforce development will be
used.
b. The wage will be computed
as a mean wage figure and represented in terms of an hourly wage
rate.
c. Only the wages paid by
employers for jobs performed within the first two zones of a laborshed area
will be included.
d. The wages paid
by employers in the following categories will be excluded from the calculation:
government, retail trade, health care and social assistance, and accommodations
and food service. The wages paid by employers in all other categories will be
included in the calculation.
e. To
the extent that a laborshed area includes zip codes from states other than
Iowa, the wages paid by employers in those zip codes may be included if the
department of workforce development has finalized a data-sharing agreement with
the state in question and has received the necessary data.
f. Only those wages within two standard
deviations from the mean wage will be included.
(4) To determine the wages paid to the
employees of an eligible business , the authority will include only monetary
compensation, represented in terms of an hourly rate, paid by an employer to an
employee for work or services provided, typically on a weekly or biweekly
basis. The wage will not include nonregular forms of compensation, such as
bonuses, unusual overtime pay, commissions, stock options, pensions, retirement
or death benefits, unemployment benefits, life or other insurance, or other
fringe benefits.
Notes
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