30 Apr The Impact of Rising Wages on Staffing

The landscape of employment is undergoing a significant shift. We're witnessing a trend of rising wages across various industries and regions, which presents a unique atmosphere for hiring managers and business owners. Understanding this trend and its potential impact on staffing is important for planning ahead in terms of your workforce. This article offers information and strategies for adjusting to wage increases. We will discuss changing wage regulations and address common concerns related to higher employee pay. We hope to equip you with a better understanding of how rising wages impact hiring practices and receive practical tips for navigating this shifting landscape. The New Landscape of Wage Regulations Effective July 2024, the US Department of Labor's (DOL) Final Overtime Rule implements key...