Increase in Minimum wage
Beginning New Year's day, minimum wage workers in New Jersey will witness an increase in pay. This is the latest step towards achieving Jersey's 2019 legislation goal of reaching $15 an hour for most employees by 2024. Starting Saturday, the minimum wage will be $13 an hour.
Since 2018, the minimum wage has gone up by $8.60 an hour. Small businesses with less than six employees and seasonal businesses have until 2026 to reach $15 an hour. Currently, those workers will see a pay rise from $11.10 to $11.90 an hour. Workers who earn through tips such as restaurant employees and bartenders will receive a pay rise of $1 per hour bringing their current minimum wage to $5.13. According to recent developments, if the tips do not bring the wage to $13 an hour then the employers must make up the difference. Farmworkers will receive $11.05 instead of $10.44. Their minimum wage is estimated to reach $15 an hour by 2027. Direct care staff in long-term facilities will receive an increase of $1 bringing their total minimum wage to $16 per hour.
Researchers believe that the wage raise will enable workers to afford basic needs such as food and heat. Families can cope with the increased financial pressure due to the pandemic. If workers are paid more the money is usually spent immediately, by gradually increasing the minimum wage its positive effects can be seen by businesses and the overall economy.
Source: N.J.com (True Jersey)
Category
Ethical Practice
Mental Wellness
Executive Compensation
Opening
Overtime Eligibility &
Talent Acquisition
HR Software
Career Development
Labor Relations
Age
Health Savings Accounts
Unemployment Benefits
Employee Relations
Business Acumen
Retirement & Recognitions
Risk Management
Remote & Hybrid Work
Cybersecurity
Flexible Spending Account
Work Visas
Religious Accomodations
Communicable Diseases
Discrimination
Retention
HR Careers
Overtime Pay
Learning & Development
Technology
Leadership &
Parental Leave
Sexual Orientation
Whistleblowing
Workforce Planning
Background Checks
Consultation
Relationship Management
Employee Data Privacy
Affirmative Action
Ethnicity
Family & Medical Leave
Employment Branding
Work Life Integration
Records & Reports
Investigations
Opening & Closing
Drug & Alcohol Testing
Open Enrollment
Inclusion, Equity &
Promotion
Salary Surveys
Tags
Article
These Companies Are On Holiday Hiring Spree-Are You Ready?
The current unemployment rate in the US stands at 6.7%, which is almost double the rate in February ...
Driver Jobs to Watch Out For
If you love being on the road, if you love driving with the wind rushing through your hair, if your ...
A Quick Look at The Great Resignation
The Great Resignation, as experts call it, is a rather fitting term for a phenomenon where millions ...
COVID-19 - 6 Challenges Staffing Firms Are Likely to Face
Most industries have severely suffered in the ongoing pandemic with a few exceptions, like healthca ...
Comments