NEW MINIMUM WAGE RATES FOR MANY STATES AND LOCALES
Local and state minimum wage rates are increasing effective July 1, 2023 in many areas across the country. In California, cities such as Alameda, Berkely, Emeryville, Fremont, Los Angeles, Malibu, Milpitas, Pasadena, San Francisco, Santa Monica, and West Hollywood all have new rates. States increasing their rates include Nevada, Oregon, and District of Columbia. There are also numerous local minimum wage increases in other states. Pay 'n Time clients can access the HR Support Center for details on these increases.
California Mandatory Retirement Plan Program Expanded to all employers with one employee
California Senate Bill 1126, which was signed into law effective January 1, 2023, requires all California employers who have even a single non-owner employee to offer a company-sponsored retirement plan for all of their employees.
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Earned Wage Access - a new offer from Pay 'n Time!
Studies have shown that programs allowing employees access to their earned wages sooner than their next pay date increase employee retention and reduce costs like hiring and training new employees.