Banks and credit unions should prepare their salary budgets for a minimum wage increase. We compare the highest minimum wage states to the highest unemployment states.
Basing hourly wages on 52 weeks or 2080 hours a year is a misleading oversimplification that we’ve all fallen for. Albeit a seemingly minor one, it’s a mathematical error that could be costing your budget thousands of dollars every year. If it were up to us, we would change the game and stop using 2080 […]
The midpoints in surveys reflect the national averages and medians for each position. To customize the survey data for your local market, you have to multiply the local variances – listed below and technically called geographic wage differentials if you want to impress your boss – by the national salary midpoint for a specific non […]
