The VGP Blog

Professional Staffing, Ensuring The Best Value For Your Dollars

Date posted: July 10, 2013

With the rising cost of living, President Obama recently acknowledged the need to increase the national minimum wage to keep up with the times during his speech this past January. He also proposed indexing wages to match the rate of inflation, a process which many states have already embraced.

The federal Fair Minimum Wage Act of 2013 would increase wages from their current $7.25 per hour up to $10.10 by 2015, phased in $0.95 increments over the next three years. This rate has been in effect since 2009. The Fair Minimum Wage Act of 2013 also includes clauses to raise the minimum wage of employees who work primarily for tips to increase by up to 70% of their current rate at $2.13; a rate which has been in effect for over twenty years, since 1991.

The following 10 states are currently paving the way for the Minimum Wage Act; all of which raised their state minimum wage rate effective as of January 1, 2013:

  • Arizona – $7.80
  • Colorado – $7.78
  • Florida – $7.79
  • Missouri – $7.35
  • Montana – $7.80
  • Ohio – $7.85
  • Oregon – $8.95
  • Rhode Island – $7.75
  • Vermont – $8.60
  • Washington – $9.19

Fortunately for workers in these states, employers are obligated to pay the higher rate regardless of the national standard. To see where your state stands, check out this list of minimum wage rates by state. However, with more money going out, many companies are now forced to reassess their budgets and trim funds from other areas of the business. When applied on a national scale, this could lead to some significant changes in the employment landscape.

In previous posts we’ve discussed how costly the hiring process can be for businesses, in assets of both time and money. With the potential enactment of having to increase your worker’s pay it’s important to ensure you’re getting the best value for your investments.

By utilizing a professional staffing service such as Valor Group Personal, hiring managers and owners can have the peace of mind knowing that applicants are thoroughly pre-screened and only the most highly qualified and personable candidates will be occupying their valuable time. VGP works tirelessly to match candidates based not only on their ability to fulfill the job requirements, but also to fit in with a company’s culture. Give us a call to find out how we can not only help save your company both time and money, but also present you with qualified, handpicked candidates to meet your specific needs.