Big Players, Big Changes
When a large scale employers increases pay, this can have a dramatic impact on prevailing wages. For example, when Amazon increased its minimum wage to $15 an hour nationwide, the impact on many markets large and small was significant.
The Cost of Poor Wage Calculations
While increased wages can seem like a challenge to keep up with, there is a silver lining. Information can help determine an effective wage, reduce turnover and increase productivity. Many of these factors are more costly to solve in turnover, loss of efficiency and low quality scores. HSS recognizes the need for accurate pay rates in markets and uses this information to work with clients to supply the right level of staff at the right experience levels.
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