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Automatic enrollment becomes mandatory in 2025 for retirement plans established after late 2022, and new plans also must automatically escalate participants’ deferral rate by 1% a year, with maximums of 10% to 15%.

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Compensation; ;Employee Recognition; ;Total Rewards; ;Workforce Engagement; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

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Effectively, to be considered an independent contractor 1) a worker must show they are free from control by those providing working opportunities. 2) They must also demonstrate that the service they are providing is either outside the usual course of business for which the service is performed or the service is performed outside of all the places of business of the enterprise for which such service is performed.

Just 1% of respondents implemented a salary freeze in 2022 or noted they intend to in 2023.

When crafting a global pay equity strategy, employers should pay attention to these six areas: 1.

.; Pay data reporting season is underway in California, with the state’s reporting portal having opened Feb. 1.