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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.
Seattle is the largest city in the state of Washington and the 15th largest city in the United States. It has a population of over 700,000 people. The city has a diverse economy, with a strong focus on technology, healthcare, and retail.
The minimum wage in Seattle is currently $15.45 per hour. This is higher than the minimum wage in Washington, which is $14.49 per hour. The minimum wage in Seattle is also higher than the federal minimum wage, which is $7.25 per hour.
The city of Seattle is committed to raising the minimum wage to $16.39 per hour by 2024. This will help to ensure that all workers in Seattle can earn a living wage.
The average wage in Seattle is also high. The median household income in Seattle is $105,000 per year. This means that half of all households in Seattle earn more than $105,000 per year, and half earn less.
The high average wage in Seattle is due to the fact that the city is home to a number of high-paying jobs in the technology, healthcare, and retail sectors. However, there are also a number of low-paying jobs in the city, such as retail and food service.
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: