Retail employers in Massachusetts are faced with a labor law change that could offer opportunities for cost savings and strategic investment. As of January 1, 2023, the requirement to provide holiday and Sunday premium pay for specific employees has been lifted.
While this may prompt concerns about employee compensation, it also opens doors for retailers to explore alternative ways of investing in their workforce. Retail employers now have a unique chance to reevaluate their compensation structures and channel the funds previously allocated to premium pay into other avenues. Some large retailers have already made this move and have realized millions of dollars in savings.