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Gallup’s meta-analysis of 136 studies in which science-based structured interviews and assessments were administered to 14,597 managers found that hiring based on managerial talent increased sales or revenue by 21% per manager and profit by 32% per manager.

Anticipated Results from the Final Rule The FTC estimated the final rule will lead to new business formation growing by 2.7% per year, resulting in more than 8,500 additional new businesses created each year.

For instance: The minimum salary for executive or administrative employees in New York City is currently $1,200 per week ($62,400 annually) and is increasing to $1,237.50 per week ($64,350 annually) on Jan. 1, 2025.

Nine states have passed laws or ballot measures that incrementally increase their statewide minimum wage rates to $15 per hour, with California being the first to reach the $15 per-hour threshold in 2022.

“Franchisors should be aware that, while the law does not require a specific wage increase, it does state that the Council may increase the minimum wage for fast-food workers up to $22 per hour on Jan. 1, 2023,” said Berhe.

However, that same study showed 49% of surveyed workers are skipping their employer-provided lunch break at least once per week and 33% are doing it at least twice per week.

The White House projects qualifying workers could save an average of $2,000 per year.

Access a Workspan Daily article on this subject: Wage-and-Hour Compliance: You Are Either Fine or Fined; Prorating Part-Time Exempt Salaries The FLSA requires organizational employees in exempt positions to be paid a salary of no less than $684 per week to meet the salary-basis test.

Those that already do so plan to offer an average of $6,201 in assistance per employee this year. ( Editor’s Note, 9/17/2025: Major employers like Amazon, Walmart and even the U.S. federal government have experience providing employer-assisted housing programs to help employees with housing costs through down payment assistance, forgivable loans and rental support.

;Calculating medians per gender/job title.