Replace posters to reflect new $7.15 state minimum wage — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
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Replace posters to reflect new $7.15 state minimum wage

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in Compensation and Benefits,Human Resources

Make sure you're complying with the state's new minimum wage, which increased $1 per hour on Oct. 1 to $7.15 per hour. (For full-time college students, you may pay as little as 85 percent of the minimum wage.)

Also, be sure you've changed any mandatory workplace posters to reflect the new wage and informed affected employees of the pay hike.

You may also want to look at your organization's compensation plan in light of increased payroll. To stay competitive, you may need to revise your labor budget for employees earning just above the minimum wage.

The new law also created the New Jersey Minimum Wage Advisory Commission, which will monitor the minimum wage and make annual reports to the governor and legislature about the need for increases.  

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