The Impact of the Federal Minimum Wage Increase

Poll: Will the Minimum Wage Increases Adversely Affect Your Company?

The increase in the federal minimum wage on July 24, 2008 from $5.85 to $6.55 an hour, is expected to have minimal impact on most employers nation-wide. According to the CCH Internet Research Network, part of Wolters Kluwer Law & Business, many states have already established minimum wage levels higher than the new federal level. Take a look to see your state's minimum wage and the impact of the increased federal minimum wage, if any.

Additionally, as employers seek to attract talented employees, the unavailability of qualified employees has caused many employers to raise wages beyond both their state and federal minimum wage requirements. In fact, in one poll cited in The Impact of the Minimum Wage Increase, the majority of small business owners did not know the minimum wage required in their state.

The minimum wage will increase again to $7.25 per hour on July 24, 2009. The increase in the minimum wage last July was the first increase in the federal minimum wage in a decade.

Please vote in my poll and add your comments below.

A Policy or Sample a Day

A charge of sexual harassment, whether it is formally documented or the employee just hints about a problem, must be investigated. There are specific steps that must be taken to legally and ethically examine the charges, and to support a positive work environment for your employees. The investigation must also guarantee the employee making the complaint freedom from retaliation. Find out How To Address an Employee Sexual Harassment Complaint.

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