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HR Leaders Share How New Salary Transparency Laws Have Changed Everything

Allwork

As of November 1, a law in New York City now requires employers with four or more people on the payroll to provide a salary pay range in all job advertisements. . Last year, Colorado enacted the Equal Pay for Equal Work Act — a law that requires employers to include salary ranges on their job postings. .

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Experts Predict 2023 Will Be the Year of ‘Quiet Hiring’—Here’s What to Expect

Success

1 most anticipated 2023 trend in the future of work, according to IT research and consulting company Gartner. But it depends on how the company goes about it, and if they are compensated for additional tasks or just expected to do more for the same salary. What is quiet hiring? Quiet hiring is the No. Should leaders jump on this trend?

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The 4 Best Retirement Plans for Self-Employed Individuals to Consider

Success

Under the nonelective clause, even if an eligible employee doesn’t contribute to the SIMPLE IRA, the employer must still contribute a percentage based on the annual salary cap of $330,000 in 2023. Employers can deduct contributions as a business expense. Employee salary reduction contributions are not tax deductible.

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Salesforce Pays Matthew McConaughey $10 Million Despite Layoffs

Allwork

What’s going on: Despite cutting 8,000 workers this year, Salesforce still invested heavily in the star power of Matthew McConaughey — committing to a hefty $10 million annual salary for the actor to serve as its “creative adviser and TV pitchman.”

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Half of UK businesses expect 2024 to be easier than 2023

Workplace Insight

The CFO’s Playbook for 2024, which polled over +500 UK financial decision makers, found that almost 50 percent of UK businesses believe 2024 will be “easier” than 2023 (vs. As such, with a waning concern around inflation – a 20 percent decrease since 2023 – businesses are targeting more ambitious goals.

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SEP IRA: What You Need to Know About This Retirement Plan Option

Success

Unlike other retirement plan options, there are no filing requirements or expensive fees to maintain a SEP IRA. SEP IRA contribution limits for 2023 One of the benefits of a SEP IRA is the amount that can be put away for retirement. In that case, they must also contribute 25% of each employee’s salary to their individual accounts.

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The 6 Biggest Financial Mistakes to Avoid in Your 30s

Success

That keeping up with the Joneses can lead to expenses surpassing income—and the debt that comes with it. have maxed out their credit cards to cover expenses due to inflation. It’s about understanding the expenses that bring your family joy and spending money on [items] that are of a higher value to your family,” he observes.