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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.

Virginia Expands State Law Banning Certain Noncompetes Effective Tuesday, July 1, Virginia expanded its ban on noncompete agreements for “low-wage employees” to include those workers classified as non-exempt under the Fair Labor Standards Act (FLSA).

The Salary Basis Test’s Role in the DOL’s 2024 Final Rule The salary basis test was foundational in the DOL’s April 23, 2024, final rule that stipulated covered organizations must ensure all employees who are classified as exempt from overtime make at least: ;$43,888 in base salary beginning on July 1, 2024 (up from the previous $35,568 annual standard outlined in the DOL’s 2019 final rule), and; ;$58,656 in base salary beginning on Jan. 1, 2025.; Under the rule, an automatic escalator provision would increase that threshold every three years based on up-to-date wage data.

Global Employers for EU Pay Transparency , Workspan Daily Plus+ article;Checklist for Total Rewards to Be Compliant with H.R. 1 Provisions , Workspan Daily Plus+ article; For Everyone WorldatWork: 2026 Salary Increase Budgets Project U.S., Global Caution , Workspan Daily article;Global Healthcare Costs Projected to Rise More Than 10% in 2026 , Workspan Daily article;Charting the Changes: 2026 Benefit Plan Limitations , Workspan Daily article;2025-2026 Salary Budget Survey , research; Artificial intelligence (AI), agility and culture are top of mind for HR executives as they look ahead to 2026.

The stages are: Nov. 1, 2023: BC Public Service Agency and Crown corporations with more than 1,000 employees (ICBC, BC Hydro, WorkSafeBC, BC Housing, BC Lottery Corporation and BC Transit);Nov. 1, 2024: all employers with 1,000 employees or more;Nov. 1, 2025: all employers with 300 employees or more;Nov. 1, 2026: all employers with 50 employees or more; The B.C. legislation also prevents employers in the province from asking prospective employees for pay history information, or from punishing employees who disclose their pay to co-workers or potential job applicants.

General Tally Sheets 2;Illustration of Potential Long-Term Incentive Mix Change;Pay Mix Considerations;Pay Mix Examples;Executive Compensation Philosophy; Governance Compensation Committee Calendar;Compensation Committee Charter 1;Compensation Committee Charter 2;Compensation Committee Charter 3;Board of Directors Compensation Committee – Self-Assessment Questionnaire 1;Board of Directors Compensation Committee – Self-Assessment Questionnaire 2;Charter Review;Compensation Committee Agenda Best Practices;Compensation Committee Agenda Items Checklist; Risk and Compensation Compensation Risk Assessment Process;Example Of Risk Assessment Review;Getting the Most Out of Your Company’s Compensation Risk Assessment;How We Discourage Imprudent Risk Taking;Risk Related to Executive Compensation;Sample Risk Assessment Presentation; Proxy Disclosure

Speak to an advisor at 877-951-9191 (United States and Canada), +1-480-951-9191 (outside US and Canada) or email customerexperience@worldatwork.org .

Key details for employers include the following: ;All employers with at least 10 employees as of Oct.1, 2025 are required to register employees with the EWF and make contributions if they don’t currently offer a provident fund or comparable assistance to employees for employment termination or death.

Some legal analysts do not anticipate other states immediately following the same additional pay transparency requirements, as most seem content with the federal requirement to file the EEO-1 report, a mandatory annual data collection that requires all private sector employers with 100 or more employees to submit demographic workforce data, including data by race/ethnicity, sex and job categories.; Among the many headwinds Silicon Valley companies currently face this year are new regulations that are designed to increase pay transparency but could also cause compliance headaches.