California to raise minimum wage
The California state legislature recently passed a bill that will increase minimum wage to $10 an hour by 2016. The current minimum wage in California is set at $8 an hour and will be raised to $9 an hour on July 1, 2014. The goal wage of $10 an hour will be reached on Jan. 1, 2016.
In an interview with University of California Berkeley's newspaper The Bottom Line, John Kabateck, executive director of California's branch of the National Federation of independent business, said that small-business owners may be forced to make some touch decisions in the wake of the legislation, particularly with regards to reducing employee hours and eliminating positions.
This is part of a trend throughout the country to raise hourly wage requirements in state government. New York's current wage of $7.25 will increase to $9 on Dec. 31, 2015, while Connecticut will also reach $9 by Jan. 1, 2015. The federal minimum wage is set at $7.25, and while states can set their minimum wage at about that number, they cannot go below it.
Business owners should stay abreast of changes to make sure they remain within their state's or city's regulations. Time and attendance software is also a necessity in making sure workers are paid adequately for time worked.
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