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The Nova Scotia government updates the minimum wage every April 1, using the previous year’s Consumer Price Index as a benchmark and adding an extra 1%.

Pay Range Overlap (%)=Max(Range 1 Max, Range 2 Max) - Min(Range 1 Min, Range 2 Min)Min(Range 1 Max, Range 2 Max) - Max(Range 1 Min, Range 2 Min)​×100 Min (Range 1 Max, Range 2 Max): The lower of the two maximums.

Save Reuse Permission As the use of glucagon-like peptide-1 (GLP-1) drugs for weight loss grows, so does demand … and out-of-pocket cost … and the cost to employers covering the medications.

Department of Labor’s April 2024 final rule had mandated that employees (in most cases) who are classified as exempt from overtime by their employer 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.

Effective July 1, the salary threshold will increase to the equivalent of an annual salary of $43,888 and increase again on January 1, 2025, to $58,656.

Reiman: In the nearest term, this is creating a spreadsheet scramble for compensation professionals looking to identify nonexempt workers falling below the July 1, 2024, and January 1, 2025, thresholds.

State Reach of Effective Pay Transparency Law Effective Date California Statewide Jan. 1, 2023 Colorado Statewide Jan. 1, 2021 Connecticut Statewide Oct. 1, 2021 Hawaii Statewide Jan. 1, 2024 Illinois Statewide Jan. 1, 2025 Maryland Statewide Oct. 1, 2020 Massachusetts Statewide Statewide starts Oct. 29, 2025 Minnesota Statewide Jan. 1, 2025 Nevada Statewide Oct. 1, 2021 New Jersey Local and Statewide Statewide starts June 1, 2025 New York Local and Statewide Sept. 17, 2023 (statewide) Rhode Island Statewide Jan. 1, 2023 Vermont Statewide Starts July 31, 2025 Washington Statewide Jan. 1, 2023 District of Columbia Districtwide June 30, 2024 This trend shows no sign of slowing, even as organizations face layoffs and restructuring.

Access additional Workspan Daily articles related to H.R. 1: The Facts on Tax: Breaking Down the H.R. 1 Overtime, Tips Provisions;How H.R. 1 Changes Your Section 127 and 529 Education Programs;Prepare Your Systems for H.R. 1-Related Reporting and Administration;New U.S.

Toward the HCE exemption, the DOL’s 2024 rule mandated that classified workers make at least: $132,964 in total annual compensation on July 1 (up from the previous $107,432 outlined in the 2019 final rule), and;$151,164 on Jan. 1, 2025.; Jordan’s Nov. 15 decision served to: Quash the Jan. 1 threshold increases;;Rescind the July 1 increases;;Eliminate another increase slated for July 1, 2027; and,;Nix the automatic “escalator” provision, which would have raised the thresholds every three years going forward, starting with the July 1, 2027, compliance date.; So, where does this all go from here?

This scenario, he added, is driven by three key factors: rising provider costs, continued demand for high-cost drugs like glucagon-like peptide-1 (GLP-1) and increased behavioral health utilization.