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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.
As of 2023, the minimum wage in Florida is $11.00 per hour. This is a statewide minimum wage that applies to all workers in Florida. This is higher than the federal minimum wage of $7.25 per hour. Florida's law requires employers to pay at least the Florida minimum wage to employees. Tipped employees must be paid at least $5.63 per hour in addition to tips.
The minimum wage in Florida refers to the legally mandated minimum hourly wage that employers are obligated to pay their employees within the state. It's important to note that the minimum wage in Florida can change over time as it is subject to periodic adjustments based on economic factors and cost of living. To obtain the most accurate and up-to-date information on the current minimum wage in Florida, it is advisable to consult the Florida Department of Economic Opportunity or other authoritative sources. Employers in Florida must adhere to the minimum wage laws to ensure that their employees receive fair compensation and avoid potential legal consequences.
According to the Bureau of Labor Statistics, the average wage in Florida is $20.94 per hour. However, it's important to note that the average wage varies depending on the occupation and industry.
For example, the average wage for management occupations is $41.94 per hour, while the average for food preparation and serving-related occupations is $14.09 per hour. It's also important to note that Florida is typically considered a state with lower average wages than other US states. However, certain areas, such as Miami and Tampa, have a higher cost of living and higher average wages.
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: