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Fisher declined to specify the exact dollar amounts, but he said that, in most cases, the cash prizes would be “materially larger than an end-of-year variable compensation award.”

.; Informing Employees Because these changes would be considered material modifications, they’ll trigger employer obligations under the Employee Retirement Income Security Act (ERISA) to update summary plan documents and communicate the revisions to plan participants.

Standardizing measures, centralizing administration and enabling regional flexibility for some plan components can all have a material impact on the related systems and processes.

So, I suspect that, for the vast majority of organizations, the July 1 hurdle won’t be that material.

Stacey Chiu, a senior associate in the Labor and Employment Practice Group at law firm Michelman & Robinson, said in light of the changes, employers should consider revising their anti-harassment policies to explicitly include gender identity as a protected characteristic and updating any formal harassment training materials to address gender identity inclusivity .

; ;Is the potential increase material or not?

Building material and garden equipment and supplies dealers lost jobs (-11,000).Overall, employment changed little in 2024, following an average monthlyincrease of 10,000 in 2023.

Campbell shared employers can take several steps to build a menopause-friendly workplace: ;Create communication materials , such as a menopause support toolkit for managers and employees.; ;Leverage employee resource groups to facilitate peer-to-peer support.; ;Demonstrate visible leadership support , such as having a more senior woman share her menopause story.; ;Review existing policies concerning dress codes, work flexibility and desk fan usage.; Employers also should review current medical benefits for any gaps in treatment options, Campbell said, including affordability and provider access for: ;Symptom relief .

Younger workers who are trying to be financially responsible are seeing all the ways that they need to be self-sufficient in order to ensure their own peace of mind.

“My view is that the Department of Labor decided to take the risk of going too far in order to see how far they could go,” said Natalie Bare, a class action and employment law litigator for the Duane Morris law firm.