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“There was speculation about potential changes to the job duties tests, so the absence of any changes on that front will allow employers to focus on the proposed changes to the salary thresholds,” Bare said.

Scott-Wears: The change necessitates a review to ensure compliance; internal audits of job duties and exempt status testing can help to ensure proper classification.

Reviewing vendors during economic turbulence is also an important step, because employers have a fiduciary duty to ensure reasonable plan expenses and that the plan is operated in the best interest of participants.

The impacts on employment are significant: Workers who called their debt a “heavy burden” were 2.4 times more likely to be in the process of leaving their current employer, with 64% of workers who carry more than $150,000 in student debt saying they are on their way out of their current jobs, according to an ADP Research Institute report .

There are a few factors at play, according to Samuel and WorldatWork content director Sue Holloway, CCP, CECP: ;The cost of labor is surging, and HR budgets have heavy headcount concentrations .; ;Significant investments in artificial intelligence (AI) are commanding a larger share of budgets, putting pressure on the HR function to translate automation into lower labor costs.; ;Relative to the competitive post-pandemic years — which necessitated expanded HR budgets to contend with increased turnover and wage demands — today’s labor market is cooling .; ;Organizations are reallocating funds to other divisions viewed as more likely to generate swift, measurable revenue growth.; “HR is still too often viewed as a ‘support function,’ which makes it more vulnerable when organizations are prioritizing cutting expenses and cost discipline,” Holloway said.

The new law applies to companies that operate around the clock seven days a week and to companies that adopt heavy shift work to cope with an unforeseen increased workload.

Employees who’ve worked a job for months or years have deep relationships with their boss and colleagues, know every detail of their daily job duties and have adjusted to the job’s schedule and commute.

.; ;Any new awards in the new role are tailored to the responsibilities/duties and expected tenure in strategic advisor role.

Southwest Airlines Sued for Underperforming 401(k) Fund Southwest Airlines was hit with a class-action lawsuit on Jan. 29, alleging that it breached basic fiduciary duties under the Employee Retirement Income Security Act (ERISA) and violated its fiduciary duties by mismanaging the company’s retirement savings plan over a span of 15 years, according to an announcement from law firm Sanford Heisler Sharp McKnight.

.;; ;Off-duty conduct.