Searching California Law Could Be Tipping P on page 49

Save Reuse Permission What if you could take six weeks off work, and it was paid?

Those technically employed in northern California but permanently working full time from Nevada raise a taxation question.

Wait for Final Guidance and Clarity While the decision is effective immediately, the Biden administration appeal could result in a stay at the appellate court level, which in turn could require plans to continue to provide coverage until the decision reaches the Supreme Court.

Currently, the law mandates only firms with more than 20 workers need to enroll in the Employee Provident Fund, which requires contributions from both employer and employees.

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

.; ;Communications industries — the highest-performing S&P 500 sector in 2024 — had the biggest leap by far, paying out 22% higher bonuses year-over-year.; ;Increases in other industries (10% in real estate, 9% in entertainment and recreation, and 8% in retail) also reflect a strong 2024 for those sectors and business owners’ optimism.; ;Bonus amounts in some service industries were down, including personal services (down 10%) and tourism and accommodations (down 7%), potentially signaling a cooling of wage growth for service workers after several years of post-pandemic wage increases.; ;The transportation and warehousing industries also saw a 10% decrease in bonus amounts, following a downturn in freight rates, demand and revenues.; “Instead of spreading bonuses more evenly, companies may be concentrating them among fewer employees to control overall compensation costs, especially in uncertain economic conditions,” said Nich Tremper, a senior economist at Gusto.

The experts in this article shared these tips: ;Support workers with caregiving responsibilities through workplace caretaker cohorts or flexible work schedules.; ;Promote work-life balance by offering flexible, hybrid or remote work options when possible.; ;Facilitate workers’ career growth through mentorship, promotions or additional training.; ;Help employees visualize a clear career path that illustrates how they can move up within the employer to increase their compensation.; These non-remunerative options can offer intrinsic as opposed to economic value to workers — but Seifert noted, avoid extending them in a tactless or insensitive way.

;Get tips and tricks to build support from their team and leaders.; Originally recorded on December 5, 2018.

Explore Learning Options In today’s competitive talent market, offering attractive retirement plans can tip the balance when recruiting and retaining great employees.

But, as the experts in this article shared, those programs likely have a key impact on organizational culture and values — the intangible ingredient that often helps tip the scale in favor of improved employee engagement and retention.