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California Minimum Wage: What Small Businesses Need To Know

Homebase

In 2016, California approved a statute to increase the minimum wage yearly starting in 2017. This period has now passed and the California minimum wage rate is at $15.50. According to a Zillow study, a person making minimum wage would need 2.7 Simplify payroll What is the California Minimum Wage?

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4 Economic Trends Impacting Talent Today

ClearCompany HRM

What to do: If you want to solve the skills gap for your company specifically, start investing in training, goal-setting , performance metrics and learning. Many companies have proprietary systems and processes that require internal training anyway, so why not hire an entry-level person you can mold into the right employee?

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Retail Turnover Rates In 2021

DailyPay

For context, the turnover rate was in the 42-45% range from 2016-2019, slowly creeping upward. This high turnover rate translates into more than 230 million days of lost productivity and $19 billion in costs associated with recruiting, hiring and training, according to Human Resources Today. 2020 saw an overall turnover rate of 57.3%

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Massachusetts Gender & Racial Wage Gap Persists, Despite the Equal Pay Act

Trusaic

The most populous state in New England, and the home of the diverse metropolitan city of Boston, seemed poised to take a leadership role with the 2016 passage of The Massachusetts Equal Pay Act ( MEPA ). 3 minute read . Bar employers from retaliating against employees exercising their rights under the law; and.

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The Right Way to Increase Minimum Wage at Your Organization

Visier

government passed a bill to gradually increase the minimum wage to $15 by 2025. This bill also abolishes sub-minimum wage for both youth workers and tipped workers and closes a less commonly used loophole that allows employers to pay less than minimum wage to some disabled workers. of wage-earning workers and their employers. .

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Industry Insights: Healthcare

Payactiv

We built this page with you in mind – use it as a learning tool, reference page, and more! Download our whitepaper to learn about the 5 strategies that can help you hire. Average weekly wages are up by 10.8% Between 2016 and 2021, the average hospital turned over a shocking 90.8% Hiring is a multi-layered process.

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Turnover And Retention Rates for QSR Businesses

DailyPay

Learn the best tips and tactics to help QSR and lodging franchises thrive. Between 2016 and 2026, the Bureau of Labor Statistics (BLS) estimates that the Food and Beverage service industry will grow 14% , which is faster than average across all sectors. In 2016, the overall turnover rate in the restaurant sector was about 73%.