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For instance, only 1 in 3 American workers feel confident they are on track to retire comfortably, according to a 2025 NFP U.S.

According to the institute’s 2025 Financial Wellbeing Survey, 1 in 4 financial wellness-interested employers with 500 or more employees currently offer LTC coverage, and nearly 60% of employers view such coverage as a “financial wellness” benefit.

.; The changes specifically apply to workers performing work on or in connection with federal contracts subject to the Davis-Bacon Act and the Service Contract Act that were entered into, renewed or extended between Jan. 1, 2015, and Jan. 29, 2022, and have not been renewed or extended (pursuant to an exercised option or otherwise) on or after Jan. 30, 2022.

Robinson noted that a typical performance review scoring system has a range of 1 to 5, with 3 being adequate performance and a 4 or 5 representing significant or exceptional performance.

Hourly manufacturing employees at top pay will receive a wage hike of about 9% effective on Jan. 1, 2024, the company confirmed.

In EHPs, CEOs’ target total direct compensation comprises a higher portion in short-term incentives (STI) plus long-term incentives (LTI) than in the broader market (Figure 1).

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%.