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The appropriateness of discretionary and formulaic plans is a function of industry and peer practice.

Proponents believe the new fiduciary standards will protect retirement plan participants, but critics – including some lawmakers and industry groups that represent retirement plan sponsors and financial professionals – say the rules will reduce the amount of financial information offered to employees.

A total of 693 responses were received, representing organizations of different sizes and across multiple industries.

Kathleen Schulz, the global innovation leader of organizational well-being at risk management firm Gallagher, shared that in their organizational well-being poll, the number one word that C-suite respondents used to describe their culture was “stressful,” followed by “demanding” — a stark difference from the “all industry” response that had “collaborative” as the top vote-getter, followed by “supportive.”Additionally, 43% of C-suite respondents stated that interpersonal conflict within their organization was on the rise, compared to 32% of “all industry” responders.

Within the proposal, listed jobs are: ;Divided into eight industry categories: ;Beverage and food services; ;Entertainment and events; ;Hospitality and guest services; ;Home services; ;Personal services; ;Personal appearance and wellness; ;Recreation and instruction; ;Transportation and delivery;; ;Identified by Treasury Tipped Occupation Code (TTOC) title and Standard Occupational Classification (SOC) System Code(s).; Under the “no tax on tips” provision within the H.R. 1 law (otherwise known as the One Big Beautiful Bill Act), eligible tipped employees, including those who itemize and don’t itemize their taxes, can claim a tax deduction up to $25,000 per year, effective in the 2025 through 2028 tax years.

;Acquire non-HR specific business knowledge, understanding the industry, and networking across different sectors.

That environment may spark a war for talent within the tech industry and compel companies to revisit the long-term value of pay localization.

And as the pandemic continues to hammer companies in various industries, more businesses will need to consider layoffs or furloughs to maintain long-term operations.

Each panelist offered a unique perspective from the industry their company operates in.

As it’s transitioned from a unique perk to a more standard offering (particularly in high-turnover industries), employers are also feeling more confident that some of the challenges and uncertainties that existed in the early days have been sufficiently addressed.