“Raising the minimum wage enhances worker productivity and generates higher-quality work by boosting workers’ health, morale, and effort; reducing absenteeism and turnover; and lowering supervisory and training costs.” Says President Biden. “Accordingly, ensuring that Federal contractors pay their workers an hourly wage of at least $15.00 will bolster economy and efficiency in Federal procurement.”
To review the Executive Order in its entirety, click here.
Editor’s Note: This post was originally published on Circaworks.com. In April of 2023, Mitratech acquired Circa, a leading provider of inclusive recruiting & OFCCP compliance software. The content has since been updated to reflect our expanded product offerings, evolving talent acquisition compliance regulations, and best practices in HR management.
