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Specific factors triggering the predicted surge in next year’s employer healthcare spend include: Inflation,;Heightened demand for expensive drugs such as glucagon-like peptide-1 (GLP-1),;Potentially curative but high-cost cell and gene therapies, and;The ongoing burden of treating cancer and other chronic conditions.; The Business Group on Health, a nonprofit organization representing large employers’ perspectives on optimizing health, benefits and well-being solutions as well as health policy issues, surveyed 125 large employers across varied industries that cover a combined 17.1 million Americans (workers plus their spouses and dependents).

President Joe Biden’s State of the Union address on March 1 touched on several topics, ranging from Russia’s invasion of Ukraine to COVID-19.

For WorldatWork Members ;Career Curation: How Total Rewards Can Drive Skills Portfolio Building , Workspan Daily Plus+ article; ;Skills-Based Mentoring: An Efficient Way to Build Skills , Workspan Daily Plus+ article; ;Measuring Up Mentorship Programs , Workspan Magazine article; ;Career Well-Being: Investing in Employees Key to Doing Business Today , Journal of Total Rewards article; From healthcare providers to technology companies and most every employer demographic in between, industry sectors are struggling to find employees who possess the requisite skills and training.

Currently, the minimum salary level required for exemption is $35,568, which went into effect Jan. 1, 2020, under a DOL rule issued by the Trump administration in September 2019.

This bonus structure will take effect for projects released Jan. 1, 2024, it said.

“Burnout is widely recognized as the No. 1 threat to a positive company culture,” Wagnac said.

In fact, the report found nearly half of Americans carry at least $25,000 in debt, and 1 in 5 owe more than $100,000.

Access a related Workspan Daily article on this subject: ;How H-1B Changes Could Shift Talent Strategies; O-1: Individuals with Extraordinary Ability of Achievement The O-1 visa is used for individuals at the top of their field in either the sciences, education, business or athletics (O-1A) or in the arts (O-1B).

The law takes effect on Jan. 1, 2025.; (Editor’s note: Workspan Daily is actively covering news surrounding the noncompete final rule.

; ;The Monumental Mission of Meaningful Mentorships; ;Proactive TR Pros See ‘Train’ of Change Coming, Take Steps to Act; ;The Keys to Creativity and Driving Innovative Total Rewards; ;The Pros and Cons of Giving Managers Discretion on Merit Increases; ;Using Analytics, Innovative Framework to Transform HR/Total Rewards; ;How An Industry Leader Sees Technology Transforming Total Rewards; ;Biopharma Compensation Leader Has Put AI Under the Microscope; Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Finance and Budgeting; ;Organizational Performance; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.