Minimum Wage Multiple (OI6176)

Ratio of the average wage of non-salaried permanent (full-time 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, 2020. Minimum Wage Multiple (OI6176). v5.1.
Footnote

Organizations should footnote the details on how the average wage was calculated and the source from which the local minimum wage was referenced. See usage guidance for further information.