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A Workstream hiring specialist can help you identify high impact ways to improve your applicant experience, and even help you determine what is a good hourly wage for your location and business.
The minimum wage in Mississippi is $7.25 per hour. This is the same as the federal minimum wage and there are no state or local minimum wages that are higher than the federal minimum wage.
The Mississippi minimum wage has not been increased since 2009. This means that the minimum wage has lost purchasing power over time. In 2009, the minimum wage could buy about 10% more goods and services than it can today.
The low minimum wage in Mississippi has a number of negative consequences. It makes it difficult for low-wage workers to make ends meet. It also contributes to poverty and inequality. Naturally, there have been calls to increase the minimum wage in Mississippi. However, there is some opposition to increasing the minimum wage. Some businesses argue that increasing the minimum wage would lead to job losses.
The debate over the minimum wage is likely to continue in Mississippi. However, the fact remains that the current minimum wage is not enough to support a family on its own. If the minimum wage is not increased, more and more families will struggle to make ends meet.
Here are some additional facts about the minimum wage in Mississippi:
The minimum wage is an important issue for many people in Mississippi. It is a matter of fairness, economic security, and quality of life. The debate over the minimum wage is likely to continue for many years to come, but it is an issue that deserves our attention.
The average wage in Mississippi is $22.87 per hour. This wage is calculated by taking the median hourly wage of all workers in the state.
It's important to remember that the Hourly Wage Index data above reflects gross wages, or the amount of money an employee earns before accounting for payroll deductions like taxes, benefits, or wage garnishments. Due to variability in tax rates across locations, slightly lower gross wages in a certain location might result in higher take home pay, or vice versa.
This question is a difficult one to answer, as a "good hourly wage" is highly subjective according to experience, work responsibilities, cost of living, and other factors. We recommend using Hourly Wage Index data as a starting point. Once you have established a baseline for certain positions, do further research into similar businesses in your area.
Lastly, consider surveying your employees. They're the best resource to help you know what is a good hourly wage, what competitive pay looks like in your location, and how competitive wages change in your industry over time.
We know that getting applicants to pay attention to your business can be extremely challenging, and that offering competitive pay is a huge part of that. Wages aren’t everything, however! Applicant experience is another important factor that can help set you apart from your competition. A few examples include: