Vail Resorts is increasing its minimum wage to $10 an hour effective Sept. 26. This is when annual salary increases are to take place.

This is for employees companywide, including the three Tahoe area resorts.

“This is a wage above current minimum wages in all states where we operate and will impact thousands of employees across our resorts and lines of business,” the resort said in a FAQ for employees.

The Colorado-based company said the reason to do this was, “For Vail Resorts to be successful as a company we need to deliver an experience of a lifetime to our guests and we do that by creating an experience of a lifetime for our more than 25,000 employees. As such, our company needs to remain competitive on wages, particularly as the economic environment continues to strengthen.”

The federal minimum wage is $7.25 an hour; it’s $9/hour in California and $8.25 in Nevada.

The company said it intends to increase the minimum wage with inflation each year.

The company did not release specifically how many employees this affects companywide or at individual resorts.

— Lake Tahoe News staff report