Are your employees making living wage employment? ❓❓❓❓

One way to find out is to determine what the cost of living is in the state where the employee lives. 🏑🏑🏑🏑

Top 5 costly states for single workers based on what they would need to make to afford cost of living:
πŸ’° Hawaii: $112,411
πŸ’° Massachusetts: $87,909
πŸ’° California: $80,013
πŸ’° New York: $73,226
πŸ’° Alaska: $71,570

Then compare their pay rate with not only cost of living, but salary data from πŸ’»πŸ’»πŸ’»πŸ’»

Are your employees able to follow the 50/30/20 budget guideline? πŸ€”πŸ€”πŸ€”πŸ€”

“50% of income is used to cover necessities, such as housing and utility costs, 30% goes toward discretionary spending, and 20% is left for savings or investments.” (Winters, 2023). ❗️❗️❗️❗️

With increased housing, utilities, gas and goods cost rising at every turn, it’s important that you do not treat this as a one time review. πŸ’ΈπŸ’ΈπŸ’ΈπŸ’Έ

Living wage employment changes as cost of living in the state changes. βš–βš–βš–βš–

That means you need to be reviewing this data regularly. πŸ“πŸ“πŸ“πŸ“

How can you make change in your organization to ensure people are making living wage employment? ❔❔❔❔

Happy A People Friday!

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