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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 Nevada is $10.25 per hour for employees who are offered qualifying health benefits, and $11.25 per hour for employees who are not offered qualifying health benefits. These rates are effective as of July 1, 2023. The minimum wage in Nevada is indexed to inflation, so it automatically increases each year with the cost of living. The minimum wage is also set to increase to $12.00 per hour by 2024.
There are a few exemptions to the Nevada minimum wage. Tipped workers are paid a lower minimum wage of $3.35 per hour, but they must also receive tips that bring their hourly earnings up to the minimum wage. Employees under the age of 16 are also paid a lower minimum wage of $8.25 per hour, but only if they are working in their first 90 days of employment.
The minimum wage is an important issue for many people in Nevada. It is a matter of fairness, economic security, and quality of life. The debate over the minimum wage is likely to continue in Nevada.
The minimum wage in Las Vegas is scheduled to increase to $12 per hour in July 2024. For now it matches the same minimum wage as Nevada.
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: