Collector - January 2018 - 32

44%
OF EMPLOYERS
BELIEVE THEIR
EMPLOYEES ARE
FAIRLY PAID-BUT
ONLY 20 PERCENT
OF EMPLOYEES
SAY THE SAME.

had minimum wages that exceeded the
federal standard, and 20 states will be raising
their minimum wage sometime in 2018.
These changes can affect every company's
payroll-even those that don't have any
minimum wage staffers.
In a 2014 Bookings Institute report,
researchers Benjamin H. Harris and Melissa
S. Kearney cited the minimum wage's "ripple
effect," which "occurs when a raise in the
minimum wage increases the wage received
by workers earning slightly above the
minimum wage."
Some ACA members are currently
grappling with this ripple effect. "The
minimum wage standard provides a pressure
of sorts in that it is our goal to always
stay ahead of it," said George Huyler, vice
president of human resources for ConServe

in New York, a state that just upped its
minimum wage 70 cents to $10.40. "As
the minimum wages increase, we strive to
maintain our hourly pay above that level."
John Viggiano, marketing and
communications executive at Simon's
Agency in New York, feels similarly. "Simon's
Agency tends to pay a tier above the
minimum wage to ensure we can maintain
our pool of quality people," he said. "We have
recently increased our base to ensure we
continue to offer competitive wages to bring
in the best people available."
While the minimum wage ripple effect
does seem to be impacting Simon's Agency,
Viggiano was quick to point out that he
thinks minimum wage increases force
all companies to look at their model and
improve to stay competitive. Simon's Agency

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Source: Payscale

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32

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Table of Contents for the Digital Edition of Collector - January 2018

From the Editor
Industry News
Best Practices
FYI
Perspective
Collection Tips
The Next Level
Getting Started
Small Perks, Big Differences
Calendar
Honor Roll
Staying Ahead of the Curve: Fall Forum Highlights
Missed Connections
A Seat at the Table
Taking Litigation Advocacy to the Next Level
Compliance
ACA SearchPoint
Last Word
Collector - January 2018 - Cover1
Collector - January 2018 - Cover2
Collector - January 2018 - 1
Collector - January 2018 - 2
Collector - January 2018 - 3
Collector - January 2018 - From the Editor
Collector - January 2018 - 5
Collector - January 2018 - Industry News
Collector - January 2018 - 7
Collector - January 2018 - 8
Collector - January 2018 - 9
Collector - January 2018 - Best Practices
Collector - January 2018 - 11
Collector - January 2018 - FYI
Collector - January 2018 - 13
Collector - January 2018 - Perspective
Collector - January 2018 - 15
Collector - January 2018 - Collection Tips
Collector - January 2018 - 17
Collector - January 2018 - The Next Level
Collector - January 2018 - 19
Collector - January 2018 - 20
Collector - January 2018 - 21
Collector - January 2018 - 22
Collector - January 2018 - 23
Collector - January 2018 - Getting Started
Collector - January 2018 - 25
Collector - January 2018 - 26
Collector - January 2018 - 27
Collector - January 2018 - 28
Collector - January 2018 - 29
Collector - January 2018 - Small Perks, Big Differences
Collector - January 2018 - 31
Collector - January 2018 - 32
Collector - January 2018 - 33
Collector - January 2018 - 34
Collector - January 2018 - 35
Collector - January 2018 - Calendar
Collector - January 2018 - Honor Roll
Collector - January 2018 - Staying Ahead of the Curve: Fall Forum Highlights
Collector - January 2018 - 39
Collector - January 2018 - Missed Connections
Collector - January 2018 - 41
Collector - January 2018 - 42
Collector - January 2018 - 43
Collector - January 2018 - A Seat at the Table
Collector - January 2018 - 45
Collector - January 2018 - Taking Litigation Advocacy to the Next Level
Collector - January 2018 - 47
Collector - January 2018 - Compliance
Collector - January 2018 - 49
Collector - January 2018 - ACA SearchPoint
Collector - January 2018 - Last Word
Collector - January 2018 - 52
Collector - January 2018 - Cover3
Collector - January 2018 - Cover4
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