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 What is the prevailing wage? How is the proper prevailing wage rate calculated form the wage order? Is there a minimum dollar amount or square footage before a project is considered a public works project? Can an employer reduce the wages of its employees? How does HB 1729 impact the Prevailing Wage Law?