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New Jersey Minimum Wage increases in 2022

Posted on Dec 23, 2021

The minimum wage for employees who work in the state of New Jersey is set to increase to $13 per hour starting next year, Jan. 1, 2022. The minimum wage will also increase to $15 per hour by 2024.

The current nationwide minimum wage has been $7.25 per hour since 2009.

New Jersey Governor Phil Murphy campaigned in 2017 on increasing the state’s minimum wage to $15 an hour when it was just $8.60 an hour, as national momentum for the uptick picked up.

Under the wage increase that Murphy signed in 2019, over a year before the onset of the pandemic, the increases are incrementally phased in, so as to allow employers more time to adapt to the added costs.

Refer to the New Jersey Department of Labor and Workforce Development Statutory Minimum Wage Notice.

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Hiring in 2022 looks promising

Posted on Dec 17, 2021

U.S. employers plan to hire workers at a rapid pace in the new year, according to the Manpower Group Employment Outlook Survey of more than 6,000 employers. Hiring intentions strengthened by 26 percentage points from Q1 2021 and remain higher than prepandemic levels for the second consecutive quarter.

Information technology, technology, telecoms, and communications and media reported the strongest outlook (+60%), followed by banking, finance, and insurance and real estate (+50%) and construction (+41%).

Organizations expect 44% of the finance, administration, and human resource workforce and 43% of the information technology workforce to work a hybrid mix of two to three on-site days in the workplace and remote the remaining days.

This is a substantial change since Q2 2021, when only 22% of organizations forecast a shift to a hybrid model. The manufacturing and production industries are most likely to be in the workplace all of the time (46%) whereas roles in IT and finance are more likely to be full-time remote (21%).