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The law goes into effect Jan. 1, 2024.

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.

Here’s how. 1.

Based on the survey results, the following five key areas highlight where companies are focusing their efforts to drive performance, profitability and innovation via incentive compensation plans. 1.

The top three reasons why you should engage with your local affiliate: 1) exchange of ideas and experiences with colleagues in your area, 2) strengthen your expertise in seminars, training and events held near you, and 3) further develop your career through new professional connections.

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: ;Organizational Performance; ;Total Rewards; ;Well-Being; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

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%.

Ask yourself, “Is $1 million in sales from an existing client worth the same as $1 million in new business dollars?”

Australia Australia Hikes Minimum Wage in Response to Cost-of-Living Surge As of July 1, Australia’s employees on the minimum or award wage system saw a 5.75% rise in pay to $23.23 per hour, or $882.80 per week.

Rejection levels vary: ;26% of surveyed employers said AI rejects 1% to 25% of applicants.; ;25% said it rejects 26% to 50%.; ;11% said it rejects 51% to 75%.; ;3% said it rejects more than 75%.; Only 5% reported that AI doesn’t reject candidates at all.