Minimum wages, pay transparency will both be on the rise in 2023 - Phoenix Business Journal

  • 📰 phxbizjournal
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Minimum wage hikes, pay transparency pushes and escalating expectations are just a few reasons pay will be a challenge in 2023.

will raise its minimum wage to $15 on June 1, 2023, with annual indexing beginning Jan. 1, 2024.increases to $11.75 on Jan. 1, 2023, with future increases to $13.25 in 2024 and $15 in 2025. minimum wage will increase to $12 on Sept. 30, 2023, and then by $1 a year until reaching $15 in 2026; after that Florida will resume annual indexing.Maine increases to $13.25 on Jan. 1, 2023, with future increases to $14 in 2024 and $15 in 2025. Small businesses with fewer than 15 employees reach $12.

increases to $14.13 on Jan. 1, 2023 and $15 in 2024, and then is indexed. For businesses with less than six employees, it goes to $12.93 on Jan. 1, 2023 and rises to $15 by 2026, with further increases to reach parity with the regular minimum wage in 2028.minimum wage is scheduled to increase on July 1, 2023 to $11.25 for employers who do not offer qualifying health insurance and $10.25 for those who do provide health insurance.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 254. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines