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According to the institute’s 2025 Financial Wellbeing Survey, 1 in 4 financial wellness-interested employers with 500 or more employees currently offer LTC coverage, and nearly 60% of employers view such coverage as a “financial wellness” benefit.

.; The changes specifically apply to workers performing work on or in connection with federal contracts subject to the Davis-Bacon Act and the Service Contract Act that were entered into, renewed or extended between Jan. 1, 2015, and Jan. 29, 2022, and have not been renewed or extended (pursuant to an exercised option or otherwise) on or after Jan. 30, 2022.

Instead, they use a dizzying combination of terms that must delight tax professionals who really love their work: ;Statutory employer (defined as “employer” in Internal Revenue Code Section 3401(d)(1) );; ;Third-party payer ; and,; ;Common paymaster .; For HR’s purposes, the key element is to be aware that in most cases, one employer, the statutory employer, is the one responsible for tax withholding and submitting FICA and FUTA taxes.

Start by implementing five shared habits and rituals that can make a significant difference at a team and organizational level. 1.

Access a related Workspan Daily article on this subject: ;When It Comes to Data, HR Has a Clarity Problem; Access a bonus Workspan Daily Plus+ article on this subject: ;To Create More Business Value, Deliver the Numbers and Narratives; Step 1: Identify a Single Source of Truth With so many software applications in use and multiple people entering HR data, errors likely will occur, and it can be difficult to determine what data is correct when discrepancies across platforms are found.

Whether the employee is returning from medical, parental or military leave, expecting 100% performance on Day 1 is unrealistic and likely creates an anxiety-inducing situation for them.

IRS Nudges Standard Mileage Rate 3 Cents Higher The Internal Revenue Service on Dec. 19 increased the optional standard mileage rate for automobiles driven for business purposes by 3 cents, starting on Jan. 1, 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024.

It also fills in the gaps from other recent government guidance and mandates, including the H.R. 1 law (also known as the One Big Beautiful Bill Act) and releases from the IRS ( in May ) and the Department of Health and Human Services ( in June ).

Step 1: Be Forthcoming and Honest Telling your employees you can’t give them a raise right now is tough, but playing it close to the chest also isn’t a viable option, Dwyer said.

While 37% of surveyed employers reported enterprise-wide alignment between skills and strategy and 40% reported robust visibility, only 1 in 5 of surveyed employees said their skills align clearly with where the company is headed, and 28% felt their skills are consistently visible and used.; “Every leader is trying to figure out the best path forward right now,” said Lighthouse CEO and head of research Ben Eubanks.