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Action Items for Your Organization Step 1: Design a sales compensation program that aligns with the objective of the business.

The salary basis test is foundational in its April 23 final rule , which stipulated that 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 April 2024 rule, that threshold would increase every three years based on up-to-date wage data.

A simplified version might look like this: DEVELOPMENT TRACKS Individual Contributor 1 Individual Contributor 2 Managerial Track Specialist Track People Manager 1 Specialist 1 People Manager 2 Specialist 2 Senior Manager Senior Specialist Executive Principal/Master Managerial track.

.;59% reported covering glucagon-like peptide-1 (GLP-1) drugs for weight loss with specific eligibility criteria, while others limit coverage to diabetes treatment or are still evaluating broader coverage.;57% have implemented step therapy or prior authorization protocols for specialty drugs.; When looking at external pressures shaping 2026 planning, CHROs most frequently cited: Geopolitical instability (46%);Inflation-driven economic uncertainty (42%);Legal/regulatory uncertainty (39%);Impact of additional tariffs (35%); Starbucks Unveils Incentive Program for Hourly Workers Starbucks has introduced an incentive rewards program aimed at giving hourly employees, referred to as “partners,” more opportunities to share in the coffee chain’s financial success.

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.

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.

In the below figure, consider: Lines 1 and 3 reflect the ratio of pay received by the interim CEO vs. the former CEO.

Workspan Daily Plus+ article; For Everyone Wage-and-Hour Compliance: You Are Either Fine or Fined , Workspan Daily article;The Facts on Tax: Breaking Down the H.R. 1 Overtime, Tips Provisions , Workspan Daily article;A Clause on Clawbacks: Bill Aims to Close ‘Loophole’ in FMLA , Workspan Daily article;Tips for Becoming a Wage and Hour Champion , Workspan Daily article; The U.S.

Figures 2A and 2B visually represent the effects of receiving recognition at two different levels of organizational justice: when organizational justice is high (1 SD above the mean) and when organizational justice is low (1 SD below the mean).

With this issue, we introduce a new Workspan-only department, Ask the Experts, where we glean insight from thought leaders and industry authorities on the rewards-related challenges that are top of mind for compensation professionals everywhere.