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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 minimum wage in Connecticut is increasing to $15.00 per hour on June 1, 2023. Connecticut's minimum wage has been above the federal level for many years. It was one of the first states to do so when it raised its rate to $7.65 per hour in 2003.
The minimum wage in Connecticut refers to the legally mandated minimum hourly wage that employers must pay their employees within the state. It's important to note that the minimum wage in Connecticut can change over time to keep up with the state's economic conditions and cost of living. To obtain the most accurate and up-to-date information on the current minimum wage in Connecticut, it is advisable to consult the Connecticut Department of Labor or other authoritative sources. Employers in Connecticut must ensure compliance with the minimum wage laws to avoid legal penalties and provide fair compensation to their workers.
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: