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The vast majority of our readers work in management at the executive level, senior level or mid-level in these areas: Top Five Focus Areas 1.

IRS Nudges Standard Mileage Rate 3 Cents Higher The Internal Revenue Service on Dec. 19 increased the optional standard mileage rate for automobiles driven for business purposes by 3 cents, starting on Jan. 1, 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024.

It also fills in the gaps from other recent government guidance and mandates, including the H.R. 1 law (also known as the One Big Beautiful Bill Act) and releases from the IRS ( in May ) and the Department of Health and Human Services ( in June ).

Step 1: Be Forthcoming and Honest Telling your employees you can’t give them a raise right now is tough, but playing it close to the chest also isn’t a viable option, Dwyer said.

While 37% of surveyed employers reported enterprise-wide alignment between skills and strategy and 40% reported robust visibility, only 1 in 5 of surveyed employees said their skills align clearly with where the company is headed, and 28% felt their skills are consistently visible and used.; “Every leader is trying to figure out the best path forward right now,” said Lighthouse CEO and head of research Ben Eubanks.

Moreover, he details what a handful of companies — including Delta Air Lines, Hewlett-Packard and Nike — are doing about it, in the form of the OneTen coalition, a group designed to help 1 million Black Americans advance professionally throughout the next 10 years.

We saw this more than 10 years ago, when career development emerged as the No. 1 retention driver for the sales workforce back in 2010.

Comments on this proposal are due within 30 days of when the proposal is published in the Federal Register, which signals the SEC has this proposal on a similarly fast track as the Rule 10b5-1 proposal issued at the end of 2021, with the strong possibility being that calendar-year companies will need to include this disclosure on their 2023 proxy.

For employers with 26 or more workers, the minimum wage would reach $18 on Jan. 1, 2025.

“Franchisors should be aware that, while the law does not require a specific wage increase, it does state that the Council may increase the minimum wage for fast-food workers up to $22 per hour on Jan. 1, 2023,” said Berhe.