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Workspan Daily
02/13/2025
Currently:
;30 states (plus the District of Columbia) have a minimum wage rate that exceeds the federal rate.;
;12 states have minimum wages that match the federal rate.;
;5 states (Alabama, Louisiana, Mississippi, South Carolina and Tennessee) have not adopted a state minimum wage.;
;3 states (Georgia, Oklahoma and Wyoming) have a minimum wage below $7.25 per hour.;
For the eight states in the last two bullet points, the federal minimum wage of $7.25 per hour generally applies.
Author(s):
Workspan Daily
05/07/2025
Access a bonus Workspan Daily Plus+ article on this subject:
;How to Contend with a Job-Hopping Workforce;
When comparing positions held by workers after the age of 21 (excluding part-time and short-term work during high school or college), the research revealed the following longevity averages:
;Baby Boomers: 3.6 employers in 27.1 years (7.5 years per job);
;Generation X: 4.2 employers in 19.4 years (4.6 years per job);
;Millennials: 3.9 employers in 9.2 years (2.4 years per job);
;Generation Z: 2.7 employers in 2.8 years (1 year per job);
Although the data may exclude some shorter-term, early career jobs not listed by older workers, the gap is more than significant enough to account for those omissions, and it still paints a picture of dramatically increased job-hopping by the workforce’s newest entrants, said Jesse Wheeler, a senior macroeconomic analyst at Revelio Labs.
Author(s):
Workspan Daily
09/13/2024
Key Takeaways
Bank of America Raises Minimum Wage for its Workers to $24 Per Hour ;Volkswagen Could Close a German Plant for First Time Ever;NLRB: Amazon is ‘Joint Employer’ of Some Contracted Delivery Drivers;Machinists Union Nix Boeing Deal, Begin Strike;
Bank of America Raises Minimum Wage for its Workers to $24 Per Hour
Bank of America has announced it is raising its minimum wage to $24 per hour.
Author(s):
Workspan Daily
04/12/2023
Northern District Court of Texas, invalidated the ACA mandate requiring most private insurance plans to cover healthcare services recommended by an independent panel of experts, called the U.S.
Author(s):
Workspan Daily Plus+
04/23/2025
Quantitative Data Collection:
🗹 Number of PTO requests;;
🗹 Number of PTO approvals;;
🗹 Average PTO accrued per employee;;
🗹 Average PTO used per employee;;
🗹 Reasons for PTO usage (e.g., vacation, personal leave, sick leave);;
🗹 Reasons for PTO not being approved;;
🗹 Employee headcount;;
🗹 Overtime hours worked;
Qualitative Data Collection:
🗹 Reasons for not taking leave (e.g., workload, lack of coverage, manager disapproval, accruing for a later purpose);;
🗹 Employee understanding of PTO policies;;
🗹 Employee perceptions of corporate/department culture on taking time off;;
🗹 Employee feedback on improving PTO usage;;
🗹 Manager’s challenges in approving PTO requests (e.g., late requests, holiday weeks, request/approval system, staffing issues);;
🗹 Impact on team/department when employees are absent (high, low, unacceptable, etc.).;;
🗹 Manager feedback on improving PTO usage;;
🗹 Focus group sentiments regarding the effectiveness of PTO policies and practices that impact
Author(s):
Workspan Daily
08/12/2022
Wells Fargo is resuming application of the guidelines effective Aug. 19, continuing certain aspects and changing others, such as continuing to expect a 50% diverse candidate slate and a diverse interviewer panel; redefining roles that are in-scope for the guidelines based on job level, not compensation; and providing updated training for recruiters and managers on the diverse candidate slate guidelines, including how they should be applied throughout the recruiting and hiring process.
Tools
Total Compensation = Base Compensation + Incentive Compensation + Total Benefits
Total Rewards: People and Talent Metrics
Absence Rate Absence Rate = (Number of Days Absent / Total Number of Available Workdays) x 100 Cost Per Hire (CPH) CPH = Total Recruiting Costs / Number of Hires Employee Engagement Index Engagement Index = Sum of Engagement Scores / Number of Respondents Human Capital ROI (HCROI) HCROI = (Revenue - Operating Expenses - (Compensation + Benefits Costs)) / (Compensation + Benefits Costs) Offer Acceptance Rate Offer Acceptance Rate = (# of Offers Accepted / Number of Offers Made) x 100 Offer Decline Rate Offer Decline Rate = (# of Offers Declined / Number of Offers Made) x 100 Revenue Per Employee Revenue Per Employee = Total Revenue / Total Number of Employees Time to Fill Time to Fill = Sum of Total Days to Fill All Roles / Number of Roles Filled Training Investment Per Employee Training Investment Per
Workspan Daily
05/11/2023
The Fair Labor Standards Act (FLSA), which was passed in 1938, mandated overtime pay for most workers putting in more than 40 hours per week.
Author(s):
Workspan Daily
08/26/2025
(Federal tax-free withdrawals from 529 plans for K-12 tuition are limited to $10,000 per year per student.
Author(s):
Workspan Daily
07/16/2025
And when those claims hit a certain dollar amount per employee that some organizations may find prohibitive,
stop-loss insurance takes over .
Author(s):