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SEATTLE $15 MINIMUM WAGE: SOLVING FOR …
KEYNOTE | Archbright. All Rights Reserved | Revised 12/15/2014 | Page 1 SEATTLE $15 MINIMUM wage : SOLVING FOR SALARY COMPRESSION The dramatic SEATTLE MINIMUM wage increase to $ per hour is causing concern with quite a few organizations, especially those in the service, manufacturing and hospitality industries. Despite the gradual phase in period of three to seven years, at the end of the adjustment period, SEATTLE s MINIMUM wage is predicted to be more than 50% higher than the state s MINIMUM wage . Some organizations are alarmed at what this means for their bottom line, recruitment and retention, and future growth opportunities. Undoubtedly, three reactions will be prevalent: 1. Proactive Stance: I know I need to increase some employee pay rates to $ per hour. I will crunch the numbers and see what it costs, plan for those expenses, and I ll be all set.
KEYNOTE www.archbright.com | © Archbright. | © Archbright. All Rights Reserved | Revised 12/15/2014 |
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