The 2024 Pay Rates in Hawaii Survey, conducted from July to September, offers valuable insights into pay and employment trends throughout the state. The survey includes data from 151 private companies and government agencies, providing a comprehensive look at compensation trends in Hawaii.

Here are some key takeaways:

• Minimum Wage: Hawaii’s minimum wage increased to $14 per hour on Jan. 1, 2024, with scheduled raises to $16 by 2026 and $18 by 2028. Nearly half of the surveyed organizations (45%) reported paying an internal minimum wage above $17, with an average of $17.58.
• Years of Service: Hawaii employers continue to see strong employee loyalty. The median length of service is 8 years, well above the national median of 3.9 years. Larger companies reported an average of 11.5 years of service.
• Recruitment Challenges: More than three-quarters (79.5%) of participants reported difficulty filling entry-level and support roles. Administrative, accounting, and maintenance positions are the hardest to staff. Employers say dependability and integrity are the most desirable traits in new hires.
• Turnover: More than half (51.7%) of surveyed organizations said entry-level positions experience the highest turnover, particularly in customer service, clerical, and other front-line jobs.

Want to dive deeper into these trends and uncover more about Hawaii’s evolving compensation landscape? Explore the highlights of the 2024 Pay Rates in Hawaii Survey to understand how your organization can better align its salary strategy with market trends.

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