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Those skills are: identifying and coaching to employees’ strengths; delivering specific and actionable feedback; setting clear priorities; and boosting recognition and a sense of belonging through effective team and 1:1 communication.

The first of those deadlines now is July 1, 2026; the second, July 1, 2027; the third, July 1, 2028.; The bill now awaits the signature of Gov.

Figure 1 is a historical analysis covering 1974-2021.

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.

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

“If we take base salary off the table — we know money is important — and we ask organizations what else they’re really leveraging to differentiate themselves from all the other organizations trying to hire the same people, culture is No. 1,” Schulz said.

Three additional states will join the list later this year: New Jersey (June 1), Vermont (July 1) and Massachusetts (Oct. 29, with wage reports due earlier in the year).

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

General industry companies experienced a similar trend, and all now operate under a new normal, wrestling with the talent and pay implications (see Figure 1).