With an anticipated increase in workers no longer subject to exemption from overtime pay under a new U.S. Department of Labor rule that is scheduled to take effect on July 1, 2024 (learn more here), employers will need to sharpen their pencils and make a
Minimum wage hikes may bring unintended results Twenty-five states and dozens of U.S. cities are planning minimum wage increases in 2024, including California, which will boost minimum wage for fast-food workers to $20 per hour beginning Jan. 1. This week, Pizza Hut announced that it will...
Each state sets its own minimum wage, which may be higher than the federal minimum wage. On Jan. 1, the minimum wage increased in 20 states.
part-time laborretailingState and federal minimum wage hikes are likely to impact the retail industry employing a great number of less well-compensated part-time workers. Despite the rYonezawa, KoichiGomez, Miguel IgnacioMcLaughlin, Edward W....
At the start of the new year, some Colorado workers will get a bump in pay as Denver's minimum wage will go up 52 cents, from $18.29 to $18.81. CBS The minimum wage has continued to see increases year-over-year. Back in 2020, the minimum wage was $12.85 per hour and...
Data on job vacancy postings show that the prevalence of a high school diploma requirement increases at the same time. The shift in skill requirements begins within the first quarter of a minimum wage hike. Further, it results from both within-firm shifts in postings and across-firms shifts ...
Authorities in Shanghai, Shenzhen, Shandong, Fujian, and Shaanxi all increased their minimum wage levels. Read more about payroll trends in China here.
Categories: General Wage Hour, State Wage and Hour Laws, Tipped Employees Alexandria Adkins, Gretel Zumwalt Once again, we rang in the new year with a great many state and local minimum wage increases. This year, 23 states—and several counties and cities—will increase their minimum wages and...
Minimum wagelaws have been in effect in the United States since 1938, when the first federal minimum wage was set at $0.25 per hour.1As theFair Labor Standards Act (FLSA)has been amended over time, the federal minimum wage has increased. However, the federal minimum wage—$7.25 an hour...
Keep up with minimum wage rate increases ahead of time for your strategic compensation forecasting and hiring projection planning purposes.Insights: Why Every Business Needs a Minimum Wage FinderMinimum Wage Finder Clients Who will love it? Wage and compensation professionals who need to stay up-to-...