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How We Got Here In April 2024, the DOL, with the support of the Biden administration, issued its final rule to: Significantly raise the minimum salary for exemption as an EAP employee under the FLSA — from the $35,568 annual standard outlined in the DOL’s 2019 final rule to $43,888 beginning on July 1, 2024, to $58,656 on Jan. 1, 2025, with subsequent automatic escalator provisions.

Here are some strategies that are generally effective in navigating these types of situations: 1.

House of Representatives narrowly passed H.R. 1 , labeled by President Donald Trump and his administration as “The One Big, Beautiful Bill”.

In fact, a 2024 survey by the International Foundation of Employee Benefit Plans found that 20% of organizations indicate a utilization rate of less than 1%, and another 50% indicate utilization between 1% and 5%.

Benefits of Belonging The KPMG survey found 87% of workers said friendship-enabling work cultures are crucial for talent retention , and 1 in 4 cited increased productivity and motivation to go beyond job requirements as the leading benefit.

Phone 877-951-9191 (United States and Canada) +1 480-951-9191 (other countries) Monday-Friday: 8:00 a.m. - 7:00 p.m.

The Journal of Total Rewards First Quarter 2023 | Volume 32 | No. 1 In this issue: retiree knowledge transfer, Ohio workers’ comp pilot, more ESG metrics in executive comp, long-term care and CalPERS, employee trust for benefits Cover Story Journal of Total Rewards Article Tapping into Retirees to Bolster Knowledge Transfer The knowledge transfer between retirees and their remaining employees offers a unique opportunity to retain knowledge.

;The 12-month period beginning before Jan. 1, 2023, isn’t taken into account.

Productivity-Pay Gap In Figure 1, we compare the growth in typical workers’ pay with the potential growth in living standards that productivity growth represents.

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