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
Employee Data Privacy
Discrimination
Salary Surveys
Termination
Business Acumen
Substance Abuse
Gender Identity
Retaliation
Labor Relations
Religious Accomodations
Raise
Wellness Benefits
Benefits
Benefits Compliance
Teamwork
Leave Management
Onboarding
Bonuses & Incentives
Paid Leave
Communication
Job Applications &
Relationship Management
Closing
Dependent Benefits
Eligibility Verification (I-9)
Disability Benefits
Pay Equity
Hiring
Drug & Alcohol Testing
Downsizing
Data Security
Time Worked
Sexual Orientation
Mental Wellness
Work Life Integration
Employee Surveys
Workplace Culture
Leadership &
Retirement Benefits
Records & Reports
Risk Management
Intellectual Property
Job Descriptions
Educational Assistance
Employee Relations
Employee Handbooks
Remote & Hybrid Work
Recruiting
Campus Placement
HR Careers
Tags
Article
This Thanksgiving - Give Thanks To All These People
This Thanksgiving is going to be different, no doubt! But it need not be different in a negative se ...
10 Tips to Help You Ace an Online Interview Amidst COVID-19 Crisis
Online interviews have been rising in popularity for quite some time now. It has increased by 49% s ...
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 ...
How Startups Can Ensure Success While Working With Freelancers
However, the scenario has changed drastically in the last ten years. According to a report by Forbe ...
Comments