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While Wall Street firms are paying more of a premium, experts note that intern pay is up across industries as employers look to expand entry-level talent pools.

“In California alone, we’ve seen minimum wage increases this year for the fast-food industry and upcoming for the healthcare industry ,” he said.

Industry Groups Seek Delay of IRS Required Minimum Distribution Changes Several industry groups, including the American Retirement Association (ARA) and the American Benefits Council , have requested that the effective date of recently proposed regulations concerning required minimum distribution (RMD) changes made by the SECURE 2.0 Act be delayed and that certain provisions be clarified.

Employers Are Sweating, Prioritizing Employee Retention;Follow the Money: What Industries, Jobs Have Highest Wage Growth?

Specifically, it: ;Updated the definition of an investment advice fiduciary to include those who, in certain cases, provide financial advice on a one-time basis (e.g., investment advisors who guide 401[k] rollovers and small employer plans).; ;Clarified that HR professionals who conduct typical retirement plan work are not acting as fiduciaries.; ;Set forth the standards of service that fiduciaries must provide.; The rule was challenged by industry groups — including the Federation of Americans for Consumer Choice (FACC), the American Council of Life Insurers (ACLI), the Securities Industry and Financial Markets Association (SIFMA) and the Financial Services Institute (FSI) — that argued it exceeded the DOL’s authority, mirroring a similar failed rulemaking effort in 2016.

The North American pet insurance industry attained a record-setting $4.27 billion in total sold premiums in 2023.

Revamp Your Messaging;Rate Your Current State with This PTO Usage Audit Checklist; The BambooHR report found PTO patterns also varied by industry: ;The highest PTO request rates came from workers in the finance and nonprofit sectors .; ;Employees in the travel and hospitality industries and the restaurant, food and beverage industries were least likely to ask for PTO.; ;The industries most likely to approve time-off requests were construction and restaurant , food and beverage, and tech.; ;The healthcare sector saw the lowest PTO approval rates.; Why Are Workers Taking Less Time Off?

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

Affected employees will now have the highest guaranteed base wage in the American restaurant industry.

Average Wall Street Bonus Falls Slightly The average Wall Street bonus fell slightly last year to $176,500, as the industry added employees and took a “more cautious approach” to compensation, New York state’s comptroller reported Tuesday.