Minimum Wage Multiple (OI6176)

Ratio of the average wage of non-salaried, permanent (full- and part-time) employees of the organization during the reporting period compared to the local minimum wage as of the end of the reporting period.

Calculation:
  • Reporting Format Decimal
  • Metric Type Metric
  • Metric Level Organization
  • IRIS Metric Citation IRIS, 2021. Producer Price Premium (PI1568). v5.2.
Footnote

Organizations should footnote details on the source from which the local minimum wage was determined. See usage guidance for further information.