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In 22 states, new minimum wages took effect on Jan. 1 (see sidebar).

Most large employers are requiring an ROI of at least 2:1 or 3:1 for each health management program offering.

For WorldatWork Members Health Insurance Selection Checklist for Employees , Workspan Daily Plus+ article;Getting Benefits Enrollment Right: Big Trends Spark Fresh Strategies , Workspan Magazine article;Considerations to Manage the Costs of GLP-1 Coverage , Workspan Daily Plus+ article; For Everyone Employers Facing Healthcare Cost Containment Challenge for 2025 , Workspan Daily article;Employer Healthcare Costs Projected to Hit 10-Year High in 2025 , Workspan Daily article;Do Your Employees Understand the Health Plan They Picked?

Harvard decision (Figure 1 and Table 1).

Actions to consider include: ;Offer comprehensive wellness programs that can increase the overall health of your workforce and potentially identify conditions and treatment before they become more significant.; ;Implement strategies like centers of excellence for costly procedures (e.g., organ transplants, cancer treatments), which can provide quality care at a lower, negotiated rate.; ;Pursue pharmacy benefit management (PBM) strategies to manage high-cost specialty drugs like glucagon-like peptide-1 (GLP-1).; Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Benefits; ;Finance and Budgeting; ;Well-Being; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

According to employment law firm Ogletree Deakins , Missouri voters passed a ballot measure on Nov. 5, 2024, raising the state’s minimum wage as of Jan. 1, 2025, and requiring employers to provide earned paid sick time as of May 1.

Driving Higher Productivity Method Example Pro Tip Ramped rates based on volume Provide a 2% commission rate for all sales less than $1 million and a 4% commission rate for all sales greater than $1 million.

For additional information and historical context to the rule, see these WorldatWork resources: Workspan Daily: Jan. 1 Deadline Is Approaching for OT Final Rule; Will You Be Ready?

CVS Health to L ay O ff N early 2,900 E mployees As reported by Reuters , CVS Health said Tuesday, Oct. 1, it would lay off about 2,900 employees, representing less than 1% of its workforce, to cut costs.

For example, if payment is received on 11/1/2022, that membership will expire on 11/30/2023.