Despite recent reports showcasing organizations that are increasing employees’ pay above the minimum wage, new research from Aon Hewitt, the global talent, retirement, and health solutions business of Aon plc, reveals that 72% of organizations with minimum wage employees currently do not have a plan to pay those employees above the mandated rate.
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Additionally, of those organizations, 59% reported they will not address any changes until minimum wage increases become law. In the interim, they plan to adjust wages, as needed, through current salary review cycles.
Aon Hewitt’s survey examined responses from 135 major U.S. organizations that employ labor at minimum wage, and was developed to better understand how employers are likely to address the impact of a government mandated increase to minimum wage rates.