The POE Group is a Tampa Bay-based independent compensation consulting firm with over 25 years of experience partnering with clients ranging from small businesses to Fortune 1000 companies across various industries. Their expertise includes all facets of compensation, from general employee to sales and executive compensation consulting.
The federal minimum wage rate has not changed since July 24, 2009 and has remained at $7.25 per hour. The time since the last update to the minimum wage is the longest since the 1938 passage of the Fair Labor Standards Act.
Recently, the Raise the Wage Act was reintroduced in Congress; this act would bring the minimum wage up to $15 per hour by June 2025 using annual increases.
