LANSING - On January 1, 2024, Michigan's minimum wage rate increased from $10.10 to $10.33 per hour as set by Michigan's Improved Workforce Opportunity Wage Act of 2018 which establishes the annual schedule of increases. Effective January 1, 2024: The minimum hourly wage will increase to $10.33 per hour. The 85% rate for minors aged
LANSING - You will deal with two various tax forms when recruiting employees: 1099s and W-2s. When you hire an independent contractor, you must file a 1099 form to report payments, and employees who had payroll taxes deducted from their compensation must file a W-2 form. 1099 vs. W-2 Workers Regarding taxes and IRS requirements,
ANN ARBOR - Consumer sentiment has remained largely unchanged for more than a year at very favorable levels, according to the University of Michigan Surveys of Consumers. The January Sentiment figure was just 0.2 Index-points below December's, and just 1.1 points below the 2017 average of 96.8—which was the highest yearly average since 2000, said
LANSING - In 2014, Governor Snyder signed legislation increasing the Michigan minimum wage rate in stages. Increases took effect on September 1, 2014, on January 1, 2016, and on January 1, 2017, raising the minimum wage to $8.90 per hour. On January 1, 2018, Michigan minimum wage will increase to $9.25 per hour. Beginning in
LANSING - Telecommuting offers numerous positives for both employers and employees. A few of those benefits include increasing employee productivity due to fewer distractions, improving employee satisfaction and retention rates, saving employee commuting costs, and offering employees more flexibility with their schedule. According to Global Workplace Analytics, a San Diego-based consulting firm that specializes in
ANN ARBOR - Nearly every state and metro area in the United States saw real wage gains in 2015 compared to 2014, up 2.9 percent nationally. Michigan was above the national average at 3.1 percent, and ranked 15th nationally when all industries (private and government) are included and 12th for the private sector. This information
LANSING - March saw the steepest decline in automotive manufacturing wages since 2009, the Senate Fiscal Agency said in its Economic Indicators report issued Monday. The report showed wages for auto workers dropped more than 20 percent in March, close to the wage drop seen in January 2009. But unlike that drop at the beginning
LANSING - If the state ends its prevailing wage statute, it will not save money as supporters argue, a group of construction and union executives said on Monday. In fact, repealing prevailing wage would make it more difficult to hire skilled trades workers, and eventually any savings would be negated because costs will go up,
