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According to Zipperer et al. (2022), 1 in 7 workers earned less than the federal minimum wage, 1 in 5 workers went hungry and roughly 55% of gig workers intend to find a new job in the next three months.

The new law takes effect Jan. 1, 2025.

Access a bonusWorkspan Daily article on this subject: Engagement Is Rising; Guess Which Workforce Group Is Driving It Communicate Prolifically Communication is paramount, said Kate Williams, the CEO of 1% for the Planet, a Vermont-headquartered nonprofit organization that has sought to be a leader in workforce engagement.

Report: More Companies Eliminating Degree Requirements According to a survey of 1,000 hiring managers by career website ResumeTemplates, 1 in 4 companies will stop requiring a bachelor’s degree for some roles by the end of this year.

To navigate this evolving landscape, consulting firm WTW identified five priorities that merit focused attention as boards of directors prepare for the year ahead. 1.

Workspan: Women and people of color make up about half of Walmart’s employees in the U.S. and the company’s pay equity analyses now confirm that women are paid 1:1 (dollar for dollar) of men, and that people of color are paid 1:1 (dollar for dollar) of white associates.

For WorldatWork Members Considerations to Manage the Costs of GLP-1 Coverage , Workspan Daily Plus+ article;Navigating Living Wages in Total Rewards , Workspan Magazine article;Five Emerging Workplace Trends Affecting the Employee Experience , Journal of Total Rewards article; For Everyone As Interest in GLP-1 Drugs Spikes, Employers Weigh the Costs, Benefits , Workspan Daily article ;Employer Healthcare Costs Projected to Hit 10-Year High in 2025 , Workspan Daily article ;Employers Look to Balance Rising Health Costs, Benefit Upgrades in ’25 , Workspan Daily article ;As Health Costs Spike, Total Rewards and CFO Collaboration Is Crucial , Workspan Daily article ; Healthcare costs in the coming year are expected to rise in varying degrees for employer-provided coverage plans, according to three reports recently published by WTW, Segal and Mercer .

Table 1 also provides insight as to the relative degree of importance of innovation.

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