What is the Annual Wage Order? July 28, 2021 19:35 The Division of Labor Standards issues the Annual Wage Order each year. It contains the proper hourly wage rates, overtime and holiday wage rates, and make up schedules for workers on prevailing wage projects. Related articles How is the proper prevailing wage rate calculated form the wage order? Can an employer reduce the wages of its employees? How does HB 1729 impact the Prevailing Wage Law? How long will it take for a claims payment to be made? What is the fastest way to get paid?