Minimum Wage Act

Minimum Wage Act

1. How can I project the expenses over the next 5 years?

   • Do I have salary/pay ranges?
     • If no, create a structure
       • Where do I find competitive Comp info?
     • If yes, is it up to date?
   • What are my hiring projections for the foreseeable future?
     • How do I create a staffing plan?

2. Can I afford the new minimum wage

   • No
     • Reduce Services?
       • Which services do I eliminate
         • Which empls perform these services?
       • Do I need a re-training program
     • Reduce Staffing
       • Lay off?
         • How will I choose who to let go?
           • What criteria will I use for who to lay off?
             • Do I have a record of past performance
         • How will I know if I have an adverse impact?
         • How will I manage employee notifications?
       • Can I reduce HC by attrition only?
         • How do I determine which positions to replace and which to leave open?
     • Implement a different method or inexpensive technology?
       • Do any of these new ways require a different skill set?
         • If yes, do I need new job descriptions
         • If yes, how do I perform a comp analysis.
         • Do I retrain or hire?
           • If retrain
             • Do I need a training program?
             • Do employees have skills needed to be retrained?
           • If hire
             • If hire, create sourcing strategy and hiring plan.
             • Do I lay-off current employees?

3. Are people in the correct classification so that I can determine wage requirements?

   • Do I have current relevant job descriptions?
     • Job Review
       • Do I need to reclassify employees?
     • Yes
       • Analyze job descriptions compared to wage requirements.
         • Exempt: Are people within the range?
         • Commission Employees: How does this affect them.
         • Create plan and cost projection for moving people into the correct wage ?
     • No
       • Write job descriptions for each role type.
         • Conduct analysis and create plan and cost projection for moving people into the correct range.