As a small business owner, staying on top of wage laws can be overwhelming—especially when it comes to prevailing wages. These are government-mandated rates for specific jobs in industries like construction, manufacturing, and public works.
If your business takes on public contracts or projects in regulated sectors, you’ve likely wondered how to ensure you’re paying your workers the right amount.
Getting it wrong could mean costly fines or delays, not to mention frustrated employees. This article will help you understand what prevailing rates are, how they are determined, and the steps you can take to stay compliant.
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