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A Workstream hiring specialist can help you identify high impact ways to improve your applicant experience, and even help you determine what is a good hourly wage for your location and business.
The current minimum wage in Oakland is $15.97 per hour, as of January 1, 2023. This is higher than the California state minimum wage of $15.50 per hour, and the national minimum wage of $7.25 per hour. The minimum wage in Oakland has increased steadily in recent years, starting from $12.25 per hour in 2016 and reaching $15 per hour in 2020. The most recent increase, to $15.97 per hour, was implemented in 2023. The increase in the minimum wage has been driven by factors such as the rising cost of living in the city. However, it has also led to job losses as businesses have had to cut costs to comply with the higher minimum wage.
The number of workers in Oakland making minimum wage is estimated to be around 100,000, with the majority employed in the retail, food service, and hospitality industries. Some of the lowest paying jobs in Oakland, which typically pay around the minimum wage, include retail salesperson, food service worker, cashier, customer service representative, warehouse worker, delivery driver, janitorial worker, security guard, and childcare worker. On the other hand, the highest paying jobs in Oakland, such as software engineer, doctor, lawyer, financial analyst, engineer, nurse, manager, executive, and sales representative, typically pay well above the minimum wage.
It's important to remember that the Hourly Wage Index data above reflects gross wages, or the amount of money an employee earns before accounting for payroll deductions like taxes, benefits, or wage garnishments. Due to variability in tax rates across locations, slightly lower gross wages in a certain location might result in higher take home pay, or vice versa.
This question is a difficult one to answer, as a "good hourly wage" is highly subjective according to experience, work responsibilities, cost of living, and other factors. We recommend using Hourly Wage Index data as a starting point. Once you have established a baseline for certain positions, do further research into similar businesses in your area.
Lastly, consider surveying your employees. They're the best resource to help you know what is a good hourly wage, what competitive pay looks like in your location, and how competitive wages change in your industry over time.
We know that getting applicants to pay attention to your business can be extremely challenging, and that offering competitive pay is a huge part of that. Wages aren’t everything, however! Applicant experience is another important factor that can help set you apart from your competition. A few examples include: