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Minnesota passed its own law May 17 (effective Jan. 1, 2025), and Maryland updated its pay transparency law on April 25, requiring employers to provide salary ranges on job postings (effective Oct. 1, 2024).

Voters in Alaska approved Ballot Measure 1 , the “Minimum Wage Increase and Paid Sick Leave Initiative,” passing with nearly 57% of the vote.

Issue 1: Share Reserve Typically defined as the number of shares requested for post-IPO equity awards, a share reserve is the “bank” of shares upon which the organization draws as it grants equity-based LTI awards (e.g., stock options, restricted shares).

Actions to consider include: ;Offer comprehensive wellness programs that can increase the overall health of your workforce and potentially identify conditions and treatment before they become more significant.; ;Implement strategies like centers of excellence for costly procedures (e.g., organ transplants, cancer treatments), which can provide quality care at a lower, negotiated rate.; ;Pursue pharmacy benefit management (PBM) strategies to manage high-cost specialty drugs like glucagon-like peptide-1 (GLP-1).; 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: ;Employee Benefits; ;Finance and Budgeting; ;Well-Being; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

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In 22 states, new minimum wages took effect on Jan. 1 (see sidebar).

According to employment law firm Ogletree Deakins , Missouri voters passed a ballot measure on Nov. 5, 2024, raising the state’s minimum wage as of Jan. 1, 2025, and requiring employers to provide earned paid sick time as of May 1.

Driving Higher Productivity Method Example Pro Tip Ramped rates based on volume Provide a 2% commission rate for all sales less than $1 million and a 4% commission rate for all sales greater than $1 million.

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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).