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Workspan Daily Plus+
01/21/2025
There are many types of profit-sharing plans, such as:
;Pro-rata plans (benefiting employees equally based on predetermined factors).;
;Age-weighted plans (awarding more significant portions of the profit sharing to workers closer to retirement).;
;Deferred profit sharing (contributing the profit sharing to a retirement account, such as a 401[k]).;
;Cash plan (making direct cash payments to employees).;
The employer will need to determine what type of plan is best for the organization.
Author(s):
Workspan Magazine
11/03/2023
This is down from the 2% general/COLA that was provided in 2023, which fell well below the 2.3% that organizations had projected from the prior year.
Author(s):
Workspan Daily
09/29/2023
According to the WGA, the studios’ offer just before the strike began was only 4%-3%-2%, which is 9.26% compounded over three years.
Workspan Daily
09/19/2024
;For the “bonus” column, for Lines 1 and 2, only 31% of interim CEOs from the board participated in the annual bonus plan (Line 2); however, of those who did participate, they did so at the same rate (100%) as the former CEO.
Author(s):
Workspan Daily
11/24/2025
‘No Tax on Tips’ Implications
Regarding the “no tax on tips” component of H.R. 1, the new federal guidance document explains that if an employer voluntarily chooses to report the amount of an employee’s cash tips in Box 14 of
Form W-2 (or on a separate statement), the employee may use that figure on their 2025 taxes.
Author(s):
Workspan Daily
05/12/2023
Study: Employee Satisfaction Hit a 36-Year High in 2022 A survey by the Conference Board found that 62.3% of U.S. employees are satisfied with their job, the highest share since the business research organization started the survey in 1987.
Workspan Daily
06/19/2025
“From 36% of U.S.
Author(s):
Workspan Daily
10/31/2025
Study Explores the Benefit Needs of Lower-Wage Workers
New
research from Commonwealth and JPMorganChase found building up savings for retirement is the top financial priority of U.S. workers (44%) who earn low to moderate incomes (LMI), topping saving for emergencies (36%), saving for long-term goals (33%) and paying off credit cards (29%).
Author(s):
Workspan Magazine
05/15/2023
Meantime, the motivation to plan for retirement is there, suggests Fidelity Investments’ 2022 State of Retirement Planning Study, and it surpasses the drive to plan for other financial milestones like owning a home or planning a wedding (see Figure 2). 80% of people with a strong understanding of longevity save regularly for retirement. 2.
Author(s):
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