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While the law takes effect on July 1, 2025, employers in the state should begin taking steps toward eventual compliance.; Vermont Gov.

When considering the structure of a GBS, businesses should also have a handle on the types of employees they are looking to attract.

“These types of evaluations can pay significant dividends from an attraction and retention perspective,” he said, “[and] ensure appropriate cost management of these programs and compliance with the myriad of leave laws in existence today.”

“It’s exponential compared to other types of employment segments,” he added.

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Minnesota passed its own law May 17 (effective Jan. 1, 2025), and Maryland updated its pay transparency law on April 25, requiring employers to provide salary ranges on job postings (effective Oct. 1, 2024).

Voters in Alaska approved Ballot Measure 1 , the “Minimum Wage Increase and Paid Sick Leave Initiative,” passing with nearly 57% of the vote.

WorldatWork HRCI* SHRM** Credits 1 general 1 1 *HRCI: This program has been approved for 1 (HR (General)) recertification credit hour toward aPHR™, aPHRi™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through the HR Certification Institute.

Figure 1 is a historical analysis covering 1974-2021.

In 22 states, new minimum wages took effect on Jan. 1 (see sidebar).