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Currently, the minimum salary level required for exemption is $35,568, which went into effect Jan. 1, 2020, under a DOL rule issued by the Trump administration in September 2019.

This bonus structure will take effect for projects released Jan. 1, 2024, it said.

The move is part of an effort to scale back the Swedish-based company’s $1 billion bet on podcasting, the Journal noted.

The law, which took effect Jan. 1, guarantees paid leave for all employees (including part-time and temporary employees) who work in the state for at least 80 hours a year.

Assembly Bill 1228 , which went into effect April 1, raised the minimum wage for certain fast-food workers statewide from $15 per hour to $20 per hour.

In recent years, a null salary increase budget has been uncommon in some corners, with only 1% of companies that responded to WorldatWork’s 2023-2024 Salary Budget Survey providing no raises for most employees in 2022 and 2023.

;The financial services provider holds itself out as a trusted adviser by either: (1) specifically stating it is acting as a fiduciary under Title I or II of ERISA, or (2) making its recommendation in a way that would indicate to a reasonable investor it is acting as a trusted adviser making individualized recommendations based on the investor’s best interest.; Again, in providing clarity for HR professionals, the final rule explicitly states: “The Department also would not consider salaries of human resources employees of the plan sponsor to be a fee or other compensation in connection with or as a result of the educational services and materials that they provide to plan participants and beneficiaries.”

“Burnout is widely recognized as the No. 1 threat to a positive company culture,” Wagnac said.

What Well-Being Programs Bring to the Table The average return on investment (ROI) for employee wellness programs is 6:1, with 72% of employers seeing reduced healthcare costs after implementing such a program, according to Zippia, a provider of career development solutions.

Sickness or Disability When an employer has 1) a PTO plan that can be used for sick days and 2) the employee is not yet eligible for that PTO or has exhausted that bank, then the employer may dock the employee’s salary in full-day increments only.