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New Minimum Wages Are Coming to Florida

Zenefits

The constitutional amendment to gradually raise Florida’s official minimum wage from $8.56 per hour to $15 per hour by September 2026 has won the vote. The first minimum wage hike to be approved in almost 15 years (from $5.15 an hour to $6.15 an hour to $6.15 Amendment 2: explained. to $15 (and up to $11.98

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2024 Mid-Year Legal Updates: Understanding the New Federal Overtime Rule 

MP Wired For HR

This update will drastically impact how businesses classify employees and calculate wages. This update will drastically impact how businesses classify employees and calculate wages. Enacted in 1938, the FLSA aimed to improve working conditions and ensure fair wages for American workers. What Constitutes Hours Worked?

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How SMBs Can Start Closing the Pay Gap Now

Zenefits

No employer expects to pay every employee the same wage. Job type, job title, skills, education, credentials, training, experience, and even geography factor into pay differences. But when employers pay workers with the same or similar qualifications stark differences in wages, they’re likely engaging in discriminatory pay practices.

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2023 Compensation Budgeting ForecastPart 1: Base Pay Adjustments

Astron Solutions

In fact, it appears that this industry will remain flat until 2027. The Impact of the “Unofficial” Minimum Wage. Unemployment is at record lows (lowest in 50 years), but inflation has also been its highest (hovering between 8% and 9%). Good news – the data are starting to come in regarding 2023! Goldman Sachs also downgraded its U.S.

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UAW Strike 2023: What Happened and What Other Companies Can Learn From It

Terryberry

On October 30, 2023, the United Auto Workers (UAW) called off their 6-week-long strike marking a momentous occasion for workers everywhere. However, with fewer fuel-efficient models to offer to consumers, sales began to slide. Additionally, access to credit for car loans dried up and auto sales plunged 40%. of the US GDP.