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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; ;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.

Total Rewards Strategies for Mental Health According to Dix, proactive steps are needed because: ;This is not purely a pandemic issue;; ;Unhealthy conditions existed and were building before it; and,; ;The situation is not going to resolve itself.; Dix advised organizations and their total rewards professionals to: ;Review the basics.

Compensation is at the core of what total rewards leaders — and Workspan readers — like you do every day.

This refers to situations where businesses classify workers who may be in business for themselves (and thus independent contractors) as employees to avoid legal risk (in the event that the business does not satisfy the FLSA’s guidance on employee and independent contractor status).”; 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; ;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.

“All Acts” Overall Back Wage Recovery Data Enforcement Year Compliance Actions Total Back Wages Recovered Total Employee Recipient Pool FY2024 17,300 $202,676,115 151,989 FY2023 20,215 $212,325,391 163,768 FY2022 20,422 $213,161,638 152,970 FY2021 24,746 $234,362,486 193,796 FY2020 26,096 $257,829,604 229,934 Fair Labor Standards Act (FLSA) Overall Back Wage Recovery Data Enforcement Year Total Back Wages Recovered Total Employee Recipient Pool FY2024 $149,957,029 125,301 FY2023 $156,152,548 135,067 FY2022 $156,052,923 126,934 FY2021 $166,762,890 158,735 FY2020 $183,582,973 194,006 Back Wages for Overtime (OT) Violations Enforcement Year OT Back Wages Recovered Total Worker Recipient Pool FY2024 $126,967,097 101,043 FY2023 $130,686,461 106,759 FY2022 $134,591,521 103,128 FY2021 $138,674,500 132,151 FY2020 $151,347,794 150,685 Back Wages for Minimum Wage (MW) Violations

In April 2024, the DOL announced a new rule to raise salary thresholds, with phased implementation dates of July 1, 2024 and January 1, 2025.

Having a CAIO on the payroll is uncharted territory for most HR and total rewards professionals, who must learn how to create compensation and total rewards packages for a job that didn’t exist a few years ago.

For WorldatWork Members Getting Benefits Enrollment Right: Big Trends Spark Fresh Strategies , Workspan Magazine article;Total Rewards Inventory Checklist , tool;Total Rewards Inventory of Programs & Practices , research; For Everyone Open Enrollment Is an Opportunity for Education and Engagement , Workspan Daily article;Employers Should Exhibit Ongoing Focus on Employee Well-Being and Engagement , Workspan Daily article;Incorporate AI to Personalize Financial Well-Being Benefits , Workspan Daily article;Winning Talent with Global Benefits and Total Rewards , webinar; As this year’s open enrollment season wraps up, consider that most of your employees will likely regret their benefits selections.

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; ;Total Rewards; ;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.

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; ;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.