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Arnold: On May 21, you will share the main stage at Total Rewards ’24 for a panel discussion on “Optimizing Total Rewards in a Volatile World.”

Business groups — including the National Retail Federation, the American Hotel and Lodging Association, and the Associated Builders and Contractors — sued the DOL on May 21 in a federal district court in Texas, claiming the department exceeded its authority under the FLSA and that the rule violated the Administrative Procedure Act (APA).

Of the organizations that do not include promotional increases in their salary increase budgets, 50% fund the promotional pay increases via vacancy, salary or other savings; 21% pull it out of the merit increase budget; 17% pull it out of the “other” increase budget; and 6% take it out of the general increase/COLA budget (the remainder utilized additional options). 

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Nearly equal proportions reported being not at all certain (13%) or very certain (12%), while only a few (2%) felt extremely certain.

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What are the pros and cons of this type of transparency?

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Nearly three-fourths (71%) reported reduced employee burnout rates and 60% said it became easier to balance responsibilities at work and home while high productivity and performance remained.

Employers will also need to confirm proper winding down of extended deadlines for claims and appeals, special enrollment under the Health Insurance Portability and Accountability Act (HIPAA) and continuation coverage elections and payments under the Consolidated Omnibus Reconciliation Act of 1985 (COBRA), which will resume within 60 days of the end of the national emergency.