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WorldatWork HRCI* SHRM** Credits 1 general 1 1 *HRCI: This program has been approved for 1 (HR (General)) recertification credit hour toward aPHR™, aPHRi™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through the HR Certification Institute.

While the impact of these wage hikes will be felt across different geographies and industries, Rahman noted that “industries with a significant number of lower-paying jobs, such as food service, hospitality and retail, may experience a more pronounced effect.”

Journal of Industrial Distribution & Business 14(7): 1-7.

Typically, this involved using adjectives (associate, intermediate, senior, etc.) and ordinal numbers (1, 2, 3, etc.) to indicate job leveling for nonexecutive/management jobs (91%).; Given the internal and external pressures for fair and equal pay, transparency in pay decisions, and competitiveness in the market, more organizations have been turning to job architecture .

Specifically, it: ;Updated the definition of an investment advice fiduciary to include those who, in certain cases, provide financial advice on a one-time basis (e.g., investment advisors who guide 401[k] rollovers and small employer plans).; ;Clarified that HR professionals who conduct typical retirement plan work are not acting as fiduciaries.; ;Set forth the standards of service that fiduciaries must provide.; The rule was challenged by industry groups — including the Federation of Americans for Consumer Choice (FACC), the American Council of Life Insurers (ACLI), the Securities Industry and Financial Markets Association (SIFMA) and the Financial Services Institute (FSI) — that argued it exceeded the DOL’s authority, mirroring a similar failed rulemaking effort in 2016.

“It is saddening that the industry is looking for a way out of providing a seat at the table amongst all stakeholders,” the bill’s author, Democratic Assemblyman Chris Holden, told the AP, saying that fast-food workers make the multi-billion industry possible, and that “giving equal representation of employees and employers is the recipe for sustainable, long-term growth in an inclusive manner.”

While a headline-grabber across industries, this is particularly and primarily impactful for companies involved with: ;Beverage and food services; ;Entertainment and events; ;Hospitality and guest services; ;Home services; ;Personal services; ;Personal appearance and wellness; ;Recreation and instruction; ;Transportation and delivery; The conversation (on social media and perhaps, based on your industry, in corporate/department/team meetings) will undoubtedly pick up speed now that the Department of the Treasury, on Tuesday, Sept. 2, made public a “preliminary list” of occupations that, based on their historical tipped status, would be eligible for the tax-savings benefit.

General industry companies experienced a similar trend, and all now operate under a new normal, wrestling with the talent and pay implications (see Figure 1).

WorldatWork HRCI* SHRM** Credits 1 compensation-domain specific 1 1 *HRCI: This program has been approved for 1 (HR (General)) recertification credit hour toward aPHR™, aPHRi™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through the HR Certification Institute.

Gavin Newsom, the law will take effect on Jan. 1, 2026.