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That figure for 2026, which considers the financial impact if employers took no action to lower their costs, is in line with other industry prognostications, including: ;Business Group on Health (9%); ;Mercer (9%); WTW survey respondents identified three primary cost drivers for the year ahead: ;Pharmaceuticals , primarily specialty drugs and glucagon-like peptide-1 (GLP-1) medications;; ;High-cost claimants; and,; ;Chronic conditions, especially musculoskeletal disorders and cancers.; As a result of rising costs, claimants and conditions, 1 in 3 surveyed leaders anticipate making “significant changes” to their healthcare benefit programs within the next three years.

Workspan Daily Plus+ article;Considerations to Manage the Costs of GLP-1 Coverage , Workspan Daily Plus+ article;Beyond the Rx: Maximizing GLP-1 Value Through Employee Support , Workspan Daily Plus+ article;Health Insurance Selection Checklist for Employees , Workspan Daily Plus+ article;Health Plan Compliance Calendar , tool; For Everyone Healthcare Cost Projections Necessitate TR Strategy Updates , Workspan Daily article;Most Employers Hold Firm on Well-Being Offerings — But Want Results , Workspan Daily article;Employers Facing Healthcare Cost Containment Challenge for 2025 , Workspan Daily article;As Health Costs Spike, Total Rewards and CFO Collaboration Is Crucial , Workspan Daily article;Do Your Employees Understand the Health Plan They Picked?

WorldatWork HRCI* SHRM** Credits 1 compensation domain-specific 1 1 *HRCI: This program has been approved for 1 (HR (General)) recertification credit hour toward aPHR™, aPHRi™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through the HR Certification Institute.

We also see a demand for more nuanced legal frameworks that address both the needs of employees and the realities of the modern workplace.

The Nova Scotia government updates the minimum wage every April 1, using the previous year’s Consumer Price Index as a benchmark and adding an extra 1%.

“There’s a lot of pressure on the HR department at this point, and it’s certainly hard for a single leader to easily span the full breadth of what this new modern HR functionality has to contend with,” she said.

Table 1 summarizes our recommendations for pay education.

Reiman: In the nearest term, this is creating a spreadsheet scramble for compensation professionals looking to identify nonexempt workers falling below the July 1, 2024, and January 1, 2025, thresholds.

WorldatWork HRCI* SHRM** Credits 1 compensation-domain specific 1 1 *HRCI: This program has been approved for 1 (HR (General)) recertification credit hour toward aPHR™, aPHRi™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through the HR Certification Institute.

Human Resource Management Review 24(1): 1-4.