Searching Employment Law on page 65

Compensation Cost to Sales Ratio = (Total Compensation Costs / Total Sales Revenue) * 100 Compensation (Bonus) Gross Up Example Gross-Up Example for a $5,000 Bonus If the employer wants to award a **net bonus** of $5,000 and the combined tax rate is **30%**, here's how to calculate the grossed-up amount: Gross-up Factor Calculation: Gross-up Factor = 1 / (1 - Tax Rate) Gross-up Factor = 1 / (1 - 0.30) Gross-up Factor = 1 / 0.70 Gross-up Factor ≈ 1.4286;Gross Bonus Calculation: Gross Bonus = Net Bonus × Gross-up Factor Gross Bonus = $5,000 × 1.4286 Gross Bonus = $7,143;Verification: Gross Bonus: $7,143 Taxes Withheld: $7,143 × 30% = $2,143 Net Bonus: $7,143 - $2,143 = $5,000; Final Grossed-Up Amount: $7,143 The employer should pay a **grossed-up bonus of $7,143** to ensure that the employee receives a **net bonus of $5,000** after taxes are deducted.

About four in 10 (41%) of the 920 respondents said their organization has jobs in the minimum-wage range with 56% of those respondents saying they’ve been affected by changes in minimum-wage laws.

Prompted in part by the growing wave of pay transparency laws in many states and jurisdictions, the queries also stem from the fact that relatively few employees fully grasp how their compensation is decided, where they stand within the market, why salary ranges exist and how they work, and a myriad of other details that tend to be both complex and changeable.

Three exceptions to the board discretion rule relate to cost of recovery, violation of home country laws or tax-qualified retirement plan terms.

Even the Financial Reporting Council was disappointed that businesses seemed to be following Goodhart’s law of focusing on the measures rather than addressing the cause and implementing meaningful reforms.

Legal Commentary and Guidance Over the past week, numerous law firms have publicly commented — and provided advisement — on the SEC changes.

Among Gen Z workers (those born 1997 to 2012) who are age 18 and older, the survey found their current financial priorities include: ;Paying off debt (55%); ;Saving for a major life event (46%); ;Just getting by to cover basic living expenses (41%); ;Building emergency savings (40%); ;Saving for retirement (32%); Despite these competing priorities, 76% of Gen Z workers are saving for retirement through 401(k) or similar employer plans and/or outside the workplace — and they started saving at age 20 (median).

By providing decent, well-paid employment, with training that improves workers’ capabilities and opportunities in a welcoming, productive environment, businesses as employers can undoubtedly be a force for good.

It is essential to note that, on a policy level, U.S. companies must comply with the Age Discrimination in Employment Act (ADEA) of 1967, which prohibits employment discrimination against individuals 40 years of age or older.

AI itself needs to be unbiased , and there are bias audits sometimes required by law.