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The Salary Basis Test’s Role in the DOL’s 2024 Final Rule The salary basis test was foundational in the DOL’s April 23, 2024, final rule that stipulated covered organizations must ensure all employees who are classified as exempt from overtime make at least: ;$43,888 in base salary beginning on July 1, 2024 (up from the previous $35,568 annual standard outlined in the DOL’s 2019 final rule), and; ;$58,656 in base salary beginning on Jan. 1, 2025.; Under the rule, an automatic escalator provision would increase that threshold every three years based on up-to-date wage data.

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For example, an employer can utilize AI to analyze enrollment data and recognize that a worker is enrolled in both the HSA and 401(k) plans and then provide a tool that helps optimize contributions between the two savings vehicles.

Putting It to the Test Let’s quantify the key advantage of indexing LTIPs: resilience.

The report analyzed compensation and governance practices at 1,400 public companies across 24 industries.

Course Program Course 1: Understanding Pay Equity Learn to analyze, measure and resolve unwanted pay differences, as well as navigate the U.S. legal and regulatory environment surrounding pay equity.

Preferred by Leading Organizations 93% of Fortune 500 organizations rely on WorldatWork’s Total Rewards education and certification to power their attraction, engagement and retention programs.

The study also breaks down state-facilitated retirement savings program and analyzes the results from three early-adopter states: Oregon, Illinois and California.

Mapping growth opportunities to specific skills can help employees remain engaged and invested in their development while also feeling valued and seen by the employer, leading to a greater sense of belonging.

When not analyzing data, hosting the People Data Insights podcast, or creating new solutions for Novo Insights, Paul is playing bass guitar in the Salary History Ban(d), coaching a youth sports league, or enjoying time with family.