Adjusting Pay Ranges to Accommodate Rising Minimum Wage

Adjusting Pay Ranges to Accommodate Rising Minimum Wage

 
DBSquared
We are changing the way HR is being done.
 

Adjusting Pay Ranges to Accommodate Rising Minimum Wage

With a variety of pressures driving minimum wage up, we have been working with several of our clients to adjust their current pay ranges to retain and attract quality personnel. Several of our Arkansas clients have committed to around $13.50 per hour for entry level positions in 2022 and move on up to $15 per hour within the next one to two years.

One of our clients recently adjusted their overall pay range structure for 2022. They sought our advice on how to go ahead and start their entry level positions at $15.00 per hour and what grade levels would be impacted by this change. After running some different scenarios...


Read More:
https://www.dbsquared.com/adjusting-pay-ranges-to-accommodate-rising-minimum-wage/
 
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Arkansas Bankers Association Mega Conference,
January 31st – February 1st, 2022
in Little Rock, AR.

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