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Actions to consider include: ;Offer comprehensive wellness programs that can increase the overall health of your workforce and potentially identify conditions and treatment before they become more significant.; ;Implement strategies like centers of excellence for costly procedures (e.g., organ transplants, cancer treatments), which can provide quality care at a lower, negotiated rate.; ;Pursue pharmacy benefit management (PBM) strategies to manage high-cost specialty drugs like glucagon-like peptide-1 (GLP-1).; 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 Benefits; ;Finance and Budgeting; ;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.

The Salary Basis Test’s Role in the DOL’s 2024 Final Rule The salary basis test was foundational in the DOL’s April 23, 2024, final rule that stipulated covered organizations must ensure all employees who are classified as exempt from overtime make at least: ;$43,888 in base salary beginning on July 1, 2024 (up from the previous $35,568 annual standard outlined in the DOL’s 2019 final rule), and; ;$58,656 in base salary beginning on Jan. 1, 2025.; Under the rule, an automatic escalator provision would increase that threshold every three years based on up-to-date wage data.

WorldatWork HRCI* SHRM** Credits 1 compensation 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.

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

General Tally Sheets 2;Illustration of Potential Long-Term Incentive Mix Change;Pay Mix Considerations;Pay Mix Examples;Executive Compensation Philosophy; Governance Compensation Committee Calendar;Compensation Committee Charter 1;Compensation Committee Charter 2;Compensation Committee Charter 3;Board of Directors Compensation Committee – Self-Assessment Questionnaire 1;Board of Directors Compensation Committee – Self-Assessment Questionnaire 2;Charter Review;Compensation Committee Agenda Best Practices;Compensation Committee Agenda Items Checklist; Risk and Compensation Compensation Risk Assessment Process;Example Of Risk Assessment Review;Getting the Most Out of Your Company’s Compensation Risk Assessment;How We Discourage Imprudent Risk Taking;Risk Related to Executive Compensation;Sample Risk Assessment Presentation; Proxy Disclosure

According to a memo sent to employees this week, the company will raise hourly pay for its top-of-the-scale employees over the next three years, with the pay rising by $1 to $30.20 in the first year and an extra $1 each in the subsequent two years.

(Toward the EEOC, Trump fired former chair Charlotte Burrows, whose five-year commission term was to expire on July 1, 2028, and former vice chair Jocelyn Samuels, who was confirmed to serve until July 1, 2026.)

For example, if payment is received on 11/1/2022, that membership will expire on 11/30/2023.

NLRB Judge Rules Amazon CEO’s Comments Violated Federal Law A federal administrative law judge ruled on May 1 that Amazon CEO Andy Jassy violated labor law by making certain anti-union comments during media interviews two years ago.

For course access windows and extension eligibility, see Section 1: Courses & Exams.