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For the past decade, merit budgets have hovered around 3%, but current trends suggest that salary increase budgets are rising to levels not seen in more than 20 years.

Although high-deductible health plans can mean increased medical costs in certain cases, several aspects of utilizing an HSA can balance out those increased costs, or even offer savings: Lower monthly premiums;Tax savings, sometimes up to 20% or 30% depending on tax bracket and state, when pre-tax contributions are made to the account;Additional tax savings by using funds from the account to pay for medical expenses; “I still oftentimes hear benefit brokers or HR professionals, when communicating these benefits to employees, say, 'If you're healthy, go with an HSA plan, and if you're sick and utilize insurance a lot, go with a traditional plan,'” Benson said.

New York City’s law, which went into effect Dec. 4 and was recently upheld on appeal, requires companies such as Uber, GrubHub and DoorDash to pay app-based delivery workers $17.96 an hour (rising to $20 per hour in April 2025).

“How people perceive therapy and mental health is way different now than it was 20 or 30 years ago,” he said.

The gender gap in pay has remained relatively unchanged in the United States over the past 20 years, decreasing slightly women making 76% of men’s pay in 2000 to 83% in 2022 based on Bureau of Labor Statistics analysis of median hourly earnings of full-time workers (U.S.

On the organizational side, 7 in 10 employers say providing workers with access to mental health resources is a top priority for 2024, according to a Business Group on Health report .

Virginia Senate Bill 1132 , introduced Jan. 7 by Democratic Sen.

.; Additionally, Noblick noted that AI chatbots and virtual assistants can offer 24/7 support, answer common questions and provide immediate assistance, which can not only improve employee satisfaction but free up HR/TR staff to focus on more complex and strategic tasks.

Access a related Workspan Daily article on this subject: ;Safe Leave Policies: The Benefits of a Supportive Workplace; Access a bonus Workspan Daily Plus+ article on this subject: ;Supporting Survivors: 3 Models of Safe Leave in Action; ;7 Action Steps to Support Workers Affected by Violence, Aggression; Paid Safe Leave Policy This document outlines the paid safe leave policy for [Company Name].

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