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On December 11, 2024, the Los Angeles City Council voted to approve a plan to gradually increase the minimum wage for certain tourism workers airport and hotel employees within the city. The minimum wage for those tourism workers will increase as follows: $22.50 per hour on July 1, 2025. per hour on July 1, 2026.
The articles focused on various topics, from helping clients’ employees make the most of their FSA funds to the results of the Forbes Best Employee Benefits survey, and will keep providing valuable insight as 2024 begins. The humanresources (HR) industry experienced several key trends this year.
Did you know there’s a state minimum wage increase coming next year? Here’s a quick breakdown of which states are raising their wages. Fingercheck’s map offers an at-a-glance view of wage changes for 2023. Fingercheck’s map offers an at-a-glance view of wage changes for 2023. federal minimum wage.)
Brokers and SMBs are collectively tapping into their arsenal of resources and experience. And by adding the competitive advantage of a PEO solution , they can uncover creative solutions to keep healthcare plans affordable and accessible. Key points from the study The overall sentiment of the study shows growth.
Would you believe us if we told you that there are stress free jobs available that will help you make a living wage and maintain your mental and physical health? If you are a homebody who loves having flexible hours and good pay, then this is the job for you. Dieticians help set up diet plans so that clients can stay healthy and fit.
With the current tax year ending on 5 April 2022, the 2022/2023 tax year introduces many key pieces of legislation affecting millions of employers and employees across the UK. National minimum wage changes . Please note that the below content is for information purposes and shouldn’t be taken as formal tax advice. Scottish PAYE .
trillion in 2026, according to Global PMI Partners. trillion in 2026, according to Global PMI Partners. Thus, real-time visibility into key metrics and enterprise integration are the main obstacles to a successful M&A implementation. Using this approach, organizations can reduce costs and improve profitability.
However, if Congress does not support the extension, rates could increase by 2026. Plan for Expiring Deductions Some provisions, such as bonus depreciation, are set to phase out. Monitor Legislative Changes Stay updated on congressional negotiations, as the final outcome could affect tax planning strategies.
The EEOC (Equal Employment Opportunities Commission) and Department of Labor WHD (Wage and Hour Division) have agreed on a partnership to enforce “workplace justice issues”. Coordination between the two agencies will increase through information sharing, joint investigations, training, and outreach.
7 Benefit Program Changes Resulting from the SECURE 2.0 7 Benefit Program Changes Resulting from the SECURE 2.0 7 Benefit Program Changes Resulting from the SECURE 2.0 Here are seven key provisions that will impact employer retirement plans. The $10,000 will be adjusted for inflation annually beginning in 2026.
In this last Astronology® for 2021, we will recap some emerging HR trends we saw in the year. HR Trends in 2021: Where We Started. In our “HR Trends for 2021” article we predicted the types of changes to look for in 2021. 2021 HR Takeaway #1: The Great Resignation. 2021 has flown by! we also saw some interesting turns.
Turnover is costing you exorbitant amounts of money every year and HR departments have been fighting it for decades. Replacing an employee making $10 per hour equates to $3,328 and this number continues to increase with higher brackets. Earned Wage Access Confirmed to Increase Employee Retention Impact Report” .
As per Astronology® tradition, our last article of the year will be our thoughts on possible HR trends and hot topics for the incoming year. As 2020 comes to an end, we look forward to using the lessons learned this year to create a more positive 2021 and beyond. Changes to the traditional 401(k) plan. Legislation. Technology.
August 2023 Legal Updates If you’re an existing ComplianceHR client, you can access these updates and robust links to learn more about each of these changes through the PolicySmart solution. The below list contains August Legal Updates, which have been added to the PolicySmart solution in the last month.
This is just a sample of feedback from attendees at Paycor’s October HR & Compliance Virtual Summit! On October 13-15, thousands of HR & business leaders attended the Summit to learn from industry experts. On October 13-15, thousands of HR & business leaders attended the Summit to learn from industry experts.
The results of the 2024 election are in: Donald Trump will serve as the 47th president of the United States, while both the Senate and House of Representatives will be controlled by Republicans. According to Politico, two possible candidates are Patrick Pizzella and Bryan Slater.
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