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For example, Black workers have increased their representation in the professional and business services and transportation and utilities industries, while reducing their representation in the leisure and hospitality category.

“Companies that do not have pay equity processes in place need to move to implement those processes,” said Brian Levine, a partner and pay equity leader at Merit Analytics Group, an HR services firm.

While some large companies have taken advantage of the benefit — Verizon , Chipotle and Walgreens are among those with active programs; Abbott Labs provided a similar perk pre-SECURE 2.0 after receiving dispensation from the Internal Revenue Service (IRS) — many other organizations have hesitated to follow suit .

For WorldatWork Members Answers to FAQs on Qualified Student Loan Payment Matching , Workspan Daily Plus+ article;Checklist: Questions and Resources to Prep Employees for Retirement , Workspan Daily Plus+ article;How SLB’s New 401(k) Strategy Boosted Employees’ Retirement Readiness , Workspan Magazine article;Your Retirement Plan May Be Fostering Inequity: Here’s How to Fix It , Workspan Magazine article; For Everyone IRS Raises HSA Contribution Limit for 2025 , Workspan Daily article;The Critical Role of Retirement Income Projections in DC Plans , Workspan Daily article;Retirement Plans — Design Considerations & Administration , course; The Internal Revenue Service (IRS) announced on Friday, Nov. 1, that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024.

.; Fair Labor Standards Act (FLSA) principles determine whether an employee has worked the minimum 1,250 hours of service.

The documents stated: ;Employees in Google Technical Services are required to switch to a hybrid office schedule or take a voluntary exit package.

Ohio Department of Youth Services .

Workers often won’t know they need these services until the need is dire and immediate, and already knowing what’s available better ensures they won’t have to dig through murky benefits information in a high-stress time. 5) Seek out and offer training for managers and HR/TR practitioners who may be interacting with workers looking for support.

According to Gartner research, just 29% of surveyed chief financial officers (CFOs) plan to increase their organization’s annual HR budget by 4% or more, placing the function behind sales, corporate IT, marketing, research and development, supply chain, legal and compliance, finance, and customer service and support when it comes to anticipated budget increases.

Discovering that long-service employees view the changes negatively while newer employees are more positive can help management understand the true effect.