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For WorldatWork Members ;Addressing the Healthcare Gender Gap , Workspan Magazine article;The Power of Allyship in Facilitating Female Leadership in Healthcare , Workspan Magazine article;5 Health Benefits Trends Come into Focus for 2024 , Workspan Magazine article; For Everyone Employers Look to Balance Rising Health Costs, Benefit Upgrades in 2025 , Workspan Daily article;Employer Healthcare Costs Projected to Hit 10-Year High in 2025 , Workspan Daily article;As Health Costs Spike, Total Rewards and CFO Collaboration Is Crucial , Workspan Daily article;Health and Welfare Plans: Strategic Planning and Design , course; A nationwide shortage of 100,000 critical healthcare workers is expected by 2028, according to a new Mercer report .

According to Gartner research, just 29% of surveyed chief financial officers (CFOs) plan to increase their organization’s annual HR budget by 4% or more, placing the function behind sales, corporate IT, marketing, research and development, supply chain, legal and compliance, finance, and customer service and support when it comes to anticipated budget increases.

“Today’s decision does not prevent the FTC from addressing noncompetes through case-by-base enforcement actions,” she said.

Interpretive Guidance ;When additional clarity on a statutory or regulatory issue is needed, the DOL will release administrator interpretations, opinion and/or ruling letters based on individual employer facts or general employer compliance concerns.

Know When to Spend More, Not Less Rather than making panicked across-the-board budget cuts, consider tailoring HR spending based on how the function offers support across the three types of business capabilities , suggested Bestin Samuel, a senior principal analyst with Gartner’s HR Practice: ;Reduce spending on your supporting capabilities that stand up business operations (e.g., materials procurement, office maintenance) but don’t directly further strategy.; ;Sustain spending on your core capabilities that support key operating outcomes and enable priority work to run smoothly (e.g., customer experience, marketing, sales) .; ;Invest in or increase spending on your differentiating or strategic capabilities that provide a competitive advantage and enable the organization to stand out (e.g., product prototyping, innovation management) .; Keep an eye on the investments intended to save you money, Samuel added.

President, Donald Trump vowed to eliminate taxes on tips earned by select hourly workers .Three months after being elected to the office, he reiterated that pledge in a March 4 joint address to Congress, stating this and other tax breaks are “a very big part of our plan” to financially assist American workers.

Use the Tools at Your Disposal — And Keep Evolving Employers should understand what they’re trying to accomplish with a modernized benefits communications plan, Mowrer said, so they should set guidelines for how to measure success — and continue tweaking their approach.

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.; ;Almost 9 out of 10 Gen Z and millennial employees shared that an unplanned medical cost would derail their financial plans, compared to 56% of Baby Boomers.

Wage compression often follows minimum wage increases, and organizations need to plan strategically to minimize its effects.; Twenty-five U.S. states are boosting their minimum wage in 2024, with baseline pay bumping up to at least $16 an hour in California, Washington and parts of New York.