Dig In & Be Prepared
HR managers and employers must realize that if they had to live on $7.25 per hour it would be extremely difficult. With more and more employers denying overtime that is paid at time and a half, it’s hard for the employee to make extra income by holding down only one job.
There are many negative effects of not raising minimum wage including employee pride, dissension, fear, and hopelessness. The positive effects do seem to make employees more dedicated, happy, and better prepared to pay their living expenses.
As the cost of living rises, the decision to increase minimum wage levels must be considered if employers want good employees. It’s best to stop groaning, pay a fair wage, and have a happy and content workforce. If not, you could find yourself appealing many unemployment claims because employees often quit due to low wages and can still reap the benefits of unemployment benefits in some states, even if they were terminated.
What are the effects of raising minimum wages? Think of higher wages as a positive and dig in and be prepared for the extra expense. Consider offering a higher entry-level wage. Happy employees can mean lifelong employees and missing this issue could cost you a lot more than wages and matched-taxes paid out.