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KPMG laid off about 5% of its U.S. staff in June — including advisory, tax and back-office people — four months after cutting some advisory personnel, nearly 2% of U.S. staff.

In June, it announced plans to trim an additional 200 jobs, or 2% of its workforce.

Sickness or Disability When an employer has 1) a PTO plan that can be used for sick days and 2) the employee is not yet eligible for that PTO or has exhausted that bank, then the employer may dock the employee’s salary in full-day increments only.

Employers should: (1) review compliance assistance materials; (2) specifically identify the potential violations, employees affected and timeframes each employee was affected; (3) calculate the amount of back wages owed to each employee, if applicable; and (4) specify any other FMLA remedies that are necessary for compliance.; ;Employer reports compliance issue(s) to WHD.

Risk 2: Narrowly Defined Value Prioritizing one skill over other competencies risks defining the value you place on employees' abilities too narrowly.

Employers can offer planning tools that estimate retiree health expenses, compare Original Medicare plus Medigap with Medicare Advantage and demonstrate how different choices impact monthly retirement budgets. 2.

Trend #2: The rising cost of benefits will be a core focus for HR/TR teams.

.; Course 2: Strategy and Design Application Learn the intricacies of sales compensation design and how all the elements work together for success.

Despite many surveys of employer intent still reporting that the “average” employer is budgeting 2% to 3% for pay adjustments (down from slightly over 3% a year ago), a significant percentage of employers cannot fund any increases because of the precipitous decline in their revenues.

This may require a new approach to defining role requirements, constructing more flexible career paths, rethinking traditional compensable factors, and ensuring that skill pricing is part of your competitive strategy.” 2 in 3 employees now embrace internal mobility over external job searches Source: Global Trends Report 2023, HireVue.