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3 ways to promote professional growth

Achievers

In this blog, you will find top employees’ development areas for HR leaders in 2024 and ways that managers can support their employees’ personal and professional growth. The right projects allow employees to enhance or develop new skills and strengths, and the best way for employers to maximize employees’ strengths is through their managers.

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Transparency Is an Important Part of the Employee Experience

HR Bartender

This article shared the results of a survey that said: Companies estimate that 70% of their workforce will use AI by 2028. Managers can’t manage when they don’t know what’s going on. This includes keeping managers and employees in the loop so they can make products and take care of customers. Here’s a small-scale example.

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Final Overtime Rules Raise Exempt Salary Threshold 65%

InterWest Insurance Services

Currently, any worker who does not earn at least $35,568 per year ($684 per week) must be paid overtime if they work more than 40 hours in a week, regardless of if they are classified as a manager or professional. After that, the threshold will be increased every three years, starting in 2028.

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Exclusive: Welsh government rolls out new employee benefits framework

Employee Benefits

The Welsh government has partnered with employee benefits provider Vivup for the managed service provision of its employee benefit schemes. It will also offer reward and recognition benefits such as gift cards, vouchers and gift experiences, long-service awards, recognition messages or cards, and lump sums.

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Government maintains income tax thresholds

Employee Benefits

Autumn budget 2022: The government will maintain the current freeze on income tax personal allowance and higher-rate tax thresholds until April 2028. Chancellor of the exchequer Jeremy Hunt told the House of Commons that personal tax thresholds, including income tax, will be frozen for further two years until 2028.

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Berlin ranked top smart city in Europe, report claims

Workplace Insight

The Smart cities market: growth, trends & market forecasts 2023-2028 report [paywall] from Juniper Research, selected the German capital ahead of London, Barcelona, Rome and Madrid. The CO2e emissions saved by smart city deployments in Europe are forecast to reach 247 MMT by 2028, from 161 MMT in 2023.

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Inflation’s Impact on Employee Benefits 

HR Professionals Magazine

In general, companies that take a multi-pronged approach to cost management seem to have the most success. Projected National Health Expenditure, 2019-2028. trillion by 2028. by 2028. . by 2028. . National health spending is projected to grow at an average annual rate of 5.4% for 2019-28 and to reach $6.2