Minimum Wage Takes a Leap!

On June 1st, BC’s new minimum wage comes into effect. This will mean a 6.9% (+ $1.10) increase for those currently earning $15.65 per hour. So, what does this mean for you as an employer or HR practitioner?

What This Means for You

Well, it means that a few important things should be considered:

Time to do some checking:

• Make sure your team members who are earning less than $16.75/hour are scheduled to receive the increased wage on June 1st.
• Review your current salaries and ensure that no one is falling below the new minimum hourly wage rate.

Consider the impact on the rest of your team:

• Review if there should be adjustments to salaries that are close to the new hourly rate – is there an opportunity to adjust?
• Revisit your total compensation philosophy and your rewards offerings. Could they use a refresh?
• Revisit your job descriptions and postings to clarify the skills and experience required for the role. Are we asking for skills, experience, and education that is not a requirement for the role? If so, how might this show up at the negotiation process of the recruitment journey?
• For those who are not receiving an increase, think about ways to appreciate their contributions – annual bonus considerations, recognition activities such as communications, team building exercises, and more.

Brought to you by Emily Lord and Amy Saini.

The post BC’s Minimum Wage is Increasing: What Employers Need to Know appeared first on HR West Consulting - Elevating Success.