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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 Ohio increased to $10.10 per hour for non-tipped employees and $5.05 per hour for tipped employees. The Ohio minimum wage will increase each year on January 1st in accordance with the Consumer Price Index (CPI), until it reaches $15.00 per hour in 2025. After 2025, the minimum wage in Ohio will continue to increase at the CPI rate, rounded to the nearest five cents.
The Ohio minimum wage laws apply to most employees, and employers are required to pay the higher of either the state or federal minimum wage. Future changes to the minimum wage in Ohio will depend on legislative decisions, economic conditions, and considerations of fairness and worker well-being.
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: