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The Salary Basis Test’s Role in the DOL’s 2024 Final Rule The salary basis test was foundational in the DOL’s April 23, 2024, final rule that stipulated covered organizations must ensure all employees who are classified as exempt from overtime make at least: ;$43,888 in base salary beginning on July 1, 2024 (up from the previous $35,568 annual standard outlined in the DOL’s 2019 final rule), and; ;$58,656 in base salary beginning on Jan. 1, 2025.; Under the rule, an automatic escalator provision would increase that threshold every three years based on up-to-date wage data.

On Jan. 1 of last year, for example, Colorado’s Equal Pay for Equal Work Act went into effect, aimed at prohibiting gender-based pay discrimination and imposing more stringent requirements concerning pay transparency.

(For its purposes, the study used family-level data from the Medical Expenditure Panel Survey from Jan. 1, 2011, to Dec. 31, 2019.

Frost: In my conversations with HR and TR leaders, there are three clear and prominentpriorities: 1.

.; Receiving late-night terminations on Monday, Jan. 27, were: ;Charlotte Burrows, who chaired the EEOC during the Biden administration and whose five-year term on the commission was scheduled to expire on July 1, 2028; and; ;Jocelyn Samuels, the Biden-era commission vice chair, who was confirmed to serve until July 1, 2026.; EEOC general counsel Karla Gilbride, who was confirmed during the Biden administration for a four-year term ending in 2027, was also fired.

He stated, “There are many issues that require regulatory clarity and stability so that the system can function properly, including (1) modernizing defined contribution plans to include alternative investments, such as private equity and cryptocurrency ; (2) the consideration of ESG [ environmental, social and governance ] factors; (3) the fiduciary rule as applied to [individual retirement account] rollovers; (4) mental health parity; (5) plan forfeitures; (6) pension risk transfers; (7) tobacco and vaccine surcharges and wellness programs; (8) managing pharmacy benefit managers and healthcare costs; and (9) cybersecurity to protect participants assets — just to name a few key issues.

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.

Under Massachusetts’ proposed legislation, employers with 100 or more full-time employees in Massachusetts that are subject to EEO-1 filing requirements must provide an industry-based “aggregate wage data report” as a supplement to their EEO-1 report.

For WorldatWork Members Health Insurance Selection Checklist for Employees , Workspan Daily Plus+ article;Getting Benefits Enrollment Right: Big Trends Spark Fresh Strategies , Workspan Magazine article;Considerations to Manage the Costs of GLP-1 Coverage , Workspan Daily Plus+ article; For Everyone Employers Facing Healthcare Cost Containment Challenge for 2025 , Workspan Daily article;Employer Healthcare Costs Projected to Hit 10-Year High in 2025 , Workspan Daily article;Do Your Employees Understand the Health Plan They Picked?

For additional information and historical context to the rule, see these WorldatWork resources: Workspan Daily: Jan. 1 Deadline Is Approaching for OT Final Rule; Will You Be Ready?