attendance

UPDATE

Best Practices in Employee Time and Attendance

 

March 2016

A Closer Look at the Minimum Wage Law Trend

 
 
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4 Factors Driving Minimum Wage Increases

Why are cities and states raising local minimum wage?

Cities and states around the U.S. are passing minimum wage laws, increasing base pay for workers in those areas. The question is: why?

Experts say there are four factors driving the increase in minimum wage laws:

  1. Federal minimum wage has stalled
    Efforts to raise the federal minimum wage above $7.25 have stalled. Consequently, cities and states are opting to raise their own local minimums.
  2. Increased wages boost local economies
    Increasing minimum wage may be an easy way to stimulate local economies, combating stagnant wages, and offset income disparity.
  3. Federal increase might not be enough
    In cities where cost of living is far above the national average, a federal increase might not be enough for people who live there.
  4. Workers are pushing for higher wages
    Workers' movements have grown nationwide, demanding higher wages and union rights for minimum wage workers.

To learn more about this trend and how it affects your organization, download the white paper 5 Things Employers Need to Know about Minimum Wage Laws

 
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Small Business Owners Speak Up on Raising Wages

What do small business owners say about increasing minimum wage?

The spectre of raising minimum wage haunts small business owners the most.

This makes sense since small businesses work with modest budgets and narrower profit margins compared to their corporate counterparts. The idea of absorbing even more labor cost is daunting—if not downright scary.

So, what do small business owners think about raising minimum wage?

According to a survey conducted by Small Business Majority, 60% of small business owners support raising minimum wage. More specifically, they favored gradually raising the federal minimum wage to $12 per hour by 2020. Other findings of the survey are just as surprising:

  • 60% felt federal minimum wage should automatically adjust for inflation
  • 50% currently pay employees $12 per hour or less
  • Of 50% who currently pay employees $12 per hour or less (and would be directly impacted by a wage increase), 58% supported a $12 wage hike
  • 56% of small businesses in retail and foodservice (the industry projected to be hit hardest by a wage increase) supported a wage increase

To learn more about how small businesses can manage—and even thrive—in the face of rising wages, download the white paper, 4 Ways Small Businesses Can Manage Minimum Wage Increases

 
 

Ask an Expert

Our supervisors need a way to manage time and attendance issues in the field or on the road. Can Attendance on Demand help?

Yes! Manager Mobile, a labor management app for supervisors, gives managers on the go the ability to handle absences, approve edits, fix missing punches, and more all from their mobile device. Learn more at attendanceondemand.com.

Have a question about time tracking and scheduling? Ask an expert and we'll do our best to answer

 
 

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