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; ;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: ;Employee Compensation; ;Employee Recognition; ;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.

Within the proposal, listed jobs are: ;Divided into eight industry categories: ;Beverage and food services; ;Entertainment and events; ;Hospitality and guest services; ;Home services; ;Personal services; ;Personal appearance and wellness; ;Recreation and instruction; ;Transportation and delivery;; ;Identified by Treasury Tipped Occupation Code (TTOC) title and Standard Occupational Classification (SOC) System Code(s).; Under the “no tax on tips” provision within the H.R. 1 law (otherwise known as the One Big Beautiful Bill Act), eligible tipped employees, including those who itemize and don’t itemize their taxes, can claim a tax deduction up to $25,000 per year, effective in the 2025 through 2028 tax years.

Which industries, types of jobs and position levels are truly most affected?

Human Resource Management Journal 27(1): 1-21.

WorldatWork has recently updated and improved this exam based on a re-validated Body of Knowledge to stay current with trends and industry best practices in the area of executive compensation.

It also fills in the gaps from other recent government guidance and mandates, including the H.R. 1 law (also known as the One Big Beautiful Bill Act) and releases from the IRS ( in May ) and the Department of Health and Human Services ( in June ).

For organizations seeking to establish competitive compensation strategies, that means taking some time to understand what others in your industry are offering.

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The CEO of Gravity Payments, a credit card processing and financial services company, made the decision to cut his $1 million executive salary to pay all of his 120 employees a $70,000 minimum wage.

Over the past two decades, numerous emerging industries — such as biotechnology, fintech and internet-related leisure companies (e.g., online gambling and gaming) — have disrupted traditional industry categorizations.