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Final Overtime Rules Raise Exempt Salary Threshold 65%

InterWest Insurance Services

Department of Labor has issued a final rule increasing the federal salary threshold for overtime exemptions by 65%, with the full increase starting in 2025. A salaried bona fide executive, administrative or professional employee must earn that amount or more if an employer wants to exempt them from federal overtime requirements.

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Do employers have a role to play in overcoming the UK childcare crisis?

Employee Benefits

Worries over a lack of nursery places and rising fees means employees are in limbo and could face paying a high percentage of their salary towards the care. It will then be extended to 30 hours for those with a child aged under five in September 2025.

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How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

Act are: Starting in 2025, long-term, part-time employees – those workers with at least two years’ tenure and who have worked a minimum of 500 hours – must be able to participate in their company’s retirement plan. Your company must deliver benefits that stand out from your industry peers and demonstrate a culture of caring for your people.

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Law firm TLT embraces ESG through electric vehicle scheme

Employee Benefits

In April 2021, law firm TLT launched an electric vehicle (EV) scheme as part of its employee benefits package via a salary sacrifice arrangement. The cost is reclaimed from the employee’s salary via a salary sacrifice arrangement.

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Leveraging employee financial wellness programs in your benefits strategy

Higginbotham

Developing an Employee Financial Wellness Program Employees typically look for competitive compensation, but a good salary alone isn’t necessarily enough to ease financial difficulties. Financial wellness benefits can help employees tackle their money challenges.

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What Are Job Candidates Looking For When Joining a Company?

Hppy

While salary and benefits are always important, other factors can make or break a job offer for many candidates. With 75% of the expected workforce to consist of millennials in 2025, it is crucial to align the work environment with the major norm. But not to forget the other 25% as well.

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How to Write A Notice of Termination of Employment

HR Digest

Kindly visit the financial office to pick up your salary for the month. You’ll still have access to our insurance benefits and healthcare package until the end of this year. Your benefits package will also be accessible until the end of the three months. We are sorry for any inconvenience caused.