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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.

Save Reuse Permission British Columbia to Raise Minimum Wage This Summer On June 1, the general minimum wage in British Columbia, Canada, will increase from $17.40 to $17.85 per hour.

The stages are: Nov. 1, 2023: BC Public Service Agency and Crown corporations with more than 1,000 employees (ICBC, BC Hydro, WorkSafeBC, BC Housing, BC Lottery Corporation and BC Transit);Nov. 1, 2024: all employers with 1,000 employees or more;Nov. 1, 2025: all employers with 300 employees or more;Nov. 1, 2026: all employers with 50 employees or more; The B.C. legislation also prevents employers in the province from asking prospective employees for pay history information, or from punishing employees who disclose their pay to co-workers or potential job applicants.

While 55% of organizations communicate STI metrics and goals at the start of the year, fewer than 1 in 4 explain why they were selected.

Speak to an advisor at 877-951-9191 (United States and Canada), +1-480-951-9191 (outside US and Canada) or email customerexperience@worldatwork.org .

General industry companies experienced a similar trend, and all now operate under a new normal, wrestling with the talent and pay implications (see Figure 1).

Avoid these three common mistakes as you’re designing and implementing your own global sales compensation program: Mistake No. 1: Believing in Job Title Uniformity Job titles across geographies have the potential to vary significantly in meaning and job responsibilities, creating challenges in building the right plan for the right role.

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.

Gavin Newsom, the law will take effect on Jan. 1, 2026.