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The HR software company analyzed payroll data from more than 400,000 U.S. businesses and found: ;End-of-year bonuses in 2024 averaged $2,503 — 2% higher than in 2023.; ;Communications industries — the highest-performing S&P 500 sector in 2024 — had the biggest leap by far, paying out 22% higher bonuses year-over-year.; ;Increases in other industries (10% in real estate, 9% in entertainment and recreation, and 8% in retail) also reflect a strong 2024 for those sectors and business owners’ optimism.; ;Bonus amounts in some service industries were down, including personal services (down 10%) and tourism and accommodations (down 7%), potentially signaling a cooling of wage growth for service workers after several years of post-pandemic wage increases.; ;The transportation and warehousing industries also saw a 10% decrease in bonus amounts, following a downturn in freight rates, demand and revenues.; “Instead of spreading bonuses more evenly, companies may be concentrating

Further, the final rule does not alter Interpretive Bulletin 75-8, D-2 ( 29 CFR 2509.75-8 ) (IB 75-8) under the Employee Retirement Income Security Act of 1974 (ERISA), which states that individuals “who perform purely administrative functions for an employee benefit plan” and “who have no power to make decisions as to plan policy, interpretations, practices or procedures, are not fiduciaries.”

Trump intends to nominate Mark Meador to fill the void and give Republicans a 3-2 majority on the five-member committee.

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The Journal of Total Rewards Second Quarter 2022 | Volume 31 | No. 2 This edition focusses on leveraging benefits to strengthen the organization.

Don’t mirror what competitors do with their executive incentive programs; typical practice may not necessarily be the best fit for your organization.  2.

SB 553, which was published on Oct. 2, 2023, was written after nine Valley Transportation Authority employees were shot and killed by a coworker in San Jose, California, in 2021.

T he company is giving employees until Jan. 2 to start adhering to the new policy.

Only 2% of organizations reported not having pay equity on their radar.