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Department of Labor kicked off Monday, June 24, with a 90-minute hearing … and the initial drama was certainly thick.

A 2024 survey by Pacific Investment Management Company (PIMCO) revealed that nearly 90% of large institutional consultants consider income solutions for retirement as a top priority for their clients, a 21% increase over the previous year.

ZipRecruiter’s report found similar results: ;90% of polled graduates said schedule flexibility is important.; ;82% hope to work remotely at least one day a week.; “Don’t underestimate flexibility of work environment as a perk to [attract and retain] employees,” Gatta said.

Specifically, the percentage of U.S. adults who say they consume alcohol (54%) is the lowest number in nearly 90 years.

For WorldatWork Members ;How Total Rewards and Career Development Go Hand in Hand , Workspan Daily Plus+ article; ;Support Your Employees’ Career Growth with Development, Transparency , Workspan Daily Plus+ article; ;How Spectrum Energized Its Education Benefits , Workspan Magazine article; ;Maximizing the ROI of Your Upskilling/Reskilling Programs , Workspan Magazine article; For Everyone ;How L&D Benefits Can Attract and Retain Gen Z Workers , Workspan Daily article; ;The Development Disconnect: Matching Ambitions with Opportunity , Workspan Daily article; ;Talent Marketplaces: Creating Opportunities for Career Progression , Workspan Daily article; ;Invest in Career Development to Retain Young Talent , Workspan Daily article; A recent survey of American workers by The Harris Poll found that while 90% of respondents are actively learning or developing new skills on the job, 45% do not realize that their professional experience could count

But should the competitive posture be the same for all types of employees, irrespective of skill set or type of work?

The new rule’s effective date is Sept. 30, and will only be applied to cases filed after it.

Top drivers of relocation included: ;Cost of living (40%); ;Family (39%); ;Better lifestyle/weather/amenities (36%); ;More living space (30%); ;Work/life balance (23%); ;Politics (10%); The report also found: ;75% of workers are worried about finding another remote position if they quit.; ;59% of workers would accept lower salaries to guarantee permanent remote work; ;56% admit to staying at jobs they don't like because of their remote team status.; The threat of losing remote work flexibility creates anxiety for a third of workers (33%) and would prompt strong reactions if mandated: ;58% would attempt to negotiate continued remote arrangements.; ;30% would quit outright to find another remote position.; ;12% would comply with a return-to-office mandate.; Survey Shows Employees Overwhelmingly Support Expanding DEI Initiatives Eighty-four percent of employees believe companies should expand their diversity, inclusion and equity (DEI) efforts despite ongoing political debates

Compensation Implications What are the compensation implications from this type of legislation if organizations were to participate in a four-day workweek?

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