Monday Morning Memo - June 27, 2016
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This Monday Morning Memo is Sponsored by
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LEGISLATIVE UPDATE
The New Jersey Senate passed the minimum wage bill on June 23 that will gradually raise the state minimum wage to $15 an hour. Currently it is $8.38.
The measure has already been approved by the state Assembly, so the next stop is Gov. Chris Christie's desk where he is expected to veto the bill. If Governor Christie does not veto the bill, New Jersey would become the third state -- behind California and New York -- to be on track toward a $15 minimum.
Proponents have said they will put the measure on the 2017 ballot to let voters decide whether the state should move toward a $15 minimum wage. The bill passed by the New Jersey Senate on Thursday would raise the $8.38 minimum to $10.10 in 2017, and then by at least $1.25 every year thereafter until 2021. At that point it would continue to be inflation adjusted.
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Upcoming Events
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Cyber Security Is Your Company At Risk? - September 27, Summit, NJ
Annual Training Conference & Exposition - November 2, Somerset, NJ
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Important Facts About Staffing in New Jersey
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- Staffing Industry's % of total private job growth since 2009 is now 21% versus 29% as other sectors started to grow
- Annual payroll actually grew a little but rounding did not show an increase...
- Number employed daily declined by 3,000 as data indicates the staffing industry contracted by 2,000 ... still represents 3% of Private employment
- Adjusted the age brackets slightly per the latest ASA Fact Sheet (getting slightly older)... gender breakout remained the same
- Increase of 128 establishments
- Average Annual Wage increased to almost $32,000 from $30,400
Click here for your fact sheet and share with your clients the real facts about staffing in NJ.
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