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From changes in wages to new employee rights, staying ahead of these changes ensures you’re not only compliant but also supporting your team in the best way possible. If wage theft hasn’t been on your radar yet, nows the time to make sure you’re fully compliant. per hour, with adjustments for inflation.
Between 2016 and 2026, the Bureau of Labor Statistics (BLS) estimates that the home health and personal aide industry will grow 41% , which is much faster than average. per hour per hour. per hour per hour. As one of the largest generational groups in U.S. READ THE EBOOK. The Outlook of the Caregivers Industry.
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. But don’t worry!
This involves leveraging technology and digital tools to automate processes, reduce manual labor, and improve efficiency. Merger and Acquisition or M&A is the primary inorganic tool for addressing growth issues in the professional services domain among both private and public corporations. compound annual rate (CAGR) to $9.7
The human resources (HR) industry experienced several key trends this year. This piece discusses the projected growth of the HR outsourcing market; it’s expected to experience an incremental growth of nearly $11 billion between 2021 and 2026, and 56% of that is estimated to come just from North America! Read more > 3.
And by adding the competitive advantage of a PEO solution , they can uncover creative solutions to keep healthcare plans affordable and accessible. By 2026, with enough time to recalibrate post-pandemic, predictions show recouped savings and streamlined healthcare services. healthcare in the foreseeable future.
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. It’s okay if you don’t believe us. Web Developer. Occupational Therapist.
National minimum wage changes . Choosing the right payroll software for the new tax year. After some years of significant changes, personal income tax allowances have been frozen at £12,570 for the next four years until 2026. Scottish PAYE . Statutory rate changes and SSP . Student loans . CJRS record keeping .
As we kick off 2025, talent acquisition professionals find themselves on shifting sands. To borrow from the Boston Consulting Group s methodology for technology adoption, were moving through three distinct phases: deploy, reshape, and invent. Invent (2026 and beyond): The real game-changer lies ahead. Lets break it down.
However, if Congress does not support the extension, rates could increase by 2026. Workforce and Employment Law: Changes to Wage and Labor Policies The administration is expected to roll back certain labor policies, including those related to worker classification, overtime pay, and workplace safety.
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.
On April 24 th , 2023 , the Council of the European Union formally adopted the EU Pay Transparency and Pay Reporting Directive, following its approval by the European Parliament on March 30 th. Its key aim is to close the gender pay gap by introducing some of the most stringent and comprehensive pay transparency laws to date.
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.
Catch-up contributions Effective 01/01/2024 Employees in a 401(k) and 457(b) plan whose wages exceed $145,000 (adjusted for the cost of living) for a prior plan year can only make catch-up contributions as Roth contributions (i.e., The $10,000 will be adjusted for inflation annually beginning in 2026. The Secure 2.0 The Secure Act 2.0
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. Raising minimum wage to $15 an hour by 2026.
On January 1, 2025, the overtime exemption rates for computer software employees and licensed physicians will increase — so employers need to make sure that these employees’ hourly rate is not less than the increased specified rates below in order to be exempt from overtime requirements. from its previous rate of $115,763.35. from $101.22.
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.
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