Episode 89 - Minimum Wage Developments

In January, we saw 22 U.S. states boosting their minimum wage rates with effect from the 1st of the month and three more planned later this year. So now there will soon be 30 states with minimum wages higher than the federal standard, which is $7.25 per hour for non-exempt workers. In this episode, we're talking about the impact this is having and will have. Have you ever wondered how minimum wage could impact your pay? Tune in, and let's find out! Join Ruth and her guests, Vicky, Lulu, and Kim, as they delve into the specifics of minimum wages. Gain practical tips on attracting and retaining top talent, understand the effects of minimum wages on pay dates, and discover how increasing the minimum wage may align with environmental, social, and governance policies. Join us in this discussion as we explore the rewards and complexities of the expanding job market. Key Takeaways: Minimum wage in U.S. history The Wage Act bill proposal How to attract and retain your best workers The impact of minimum wages on pay dates How increasing the minimum wage will contribute to environmental, social, and governance policies How to solve pay compression Resources: Payscale Website: www.payscale.com Minimum Wage Report: https://payscale.com/research-and-insights/minimum-wage-report Email: [email protected]