Due to two separate Executive Orders (Obama-EO 13658 and Biden-EO 14026) minimum wage for federal employees will be on the rise in 2022.
January 1, 2022: Minimum wage for federal contract employees raises to $11.90 per hour
January 30, 2022: Minimum wage for any new, renewed or extended federal contracts raises to $15.00 per hour
Start with a compensation plan! Compensation plans include benchmarks of salary ranges, benefits, bonuses, and more. They compare similar positions in your market and can help you create a competitive benefits package. The wage range benchmarks provided can help you determine differentiated pay scales as you look at raising your base pay.
If you are unsure if the Executive Orders apply to your business, consider an HR Review! An Integrity HR Review includes an audit of your compensation and benefits, as well as your legislative compliance. We even review your culture, recruitment, and overall HR strategy to help your business succeed!
Do you have questions about minimum wage or how to start a customized compensation plan? Contact us! We’re here to help!
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