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Workspan Daily article;Is Your Organization Living Up to Its Employee Value Proposition?

A Staples survey found that 62.3% of employees would give up a larger salary to get better workplace perks, meaning a total rewards approach to compensation that includes forms of indirect compensation is critical to recruiting and retaining employees.

Starting July 1, 2027, salary thresholds will update every three years by applying up-to-date wage data to determine new salary levels.; On Tuesday, April 23, the Biden-Harris administration announced a final rule that expands overtime protections for millions of American workers by increasing the salary thresholds that are required under the Fair Labor Standards Act (FLSA).

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As practitioners, and as a research community, we have collectively dropped the baton in seeking out the research that supports our understanding of how pay inequity is perceived and experienced by us as individuals.

The act adopts a Saver’s Match Program that would incentivize retirement savings by providing a 50% matching contribution of up to $2,000 in retirement savings annually for lower- and middle-income Americans.

In WorldatWork’s 2022 Inventory of Total Rewards Programs & Practices , 39% of participating businesses offered adoption assistance (up from 28% in 2016), and 29% offered adoption reimbursement (up from 18% in 2016).

With women making up about 50% of the workforce — and more than half of the college-educated workforce, with an anticipated rising ratio of female college-educated workers — increased job dissatisfaction among women will likely be detrimental to businesses.

Some match dollar for dollar up to a certain amount, incentivizing employee participation, while others double employees' contributions up to a certain amount if they make less than a set salary.

Pennsylvania is one of several states that have taken up legislation on noncompetes within the healthcare industry.