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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. .
Private sector payrolls increased by 143,000 in September, following an August rise that marked the slowest expansion since March 2023, according to data by the ADP Research Institute in collaboration with Stanford Digital Economy Lab. Employees who switched jobs in September saw their salaries increase by an average of 6.6%
ADP payroll data shows that since the onset of the COVID-19 pandemic, the share of “cross-metro” remote workers employed at large firms in the U.S. Census Bureau data shows that between September 2023 and February 2024 , the percentage of U.S. decline in wage growth relative to their teammates who decided not to relocate.
And their demands are being met: As of November 1 of last year, a law in New York City began requiring employers with four or more people on the payroll (where at least one of them works in the city) to provide a salary pay range in all job advertisements. Allwork.Space: Will this impact salary inflation?
You might be familiar with 401(k) plans and automatic payroll deductions at a traditional employer. 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.
Masarweh says it’s a way to better allocate employees’ time, especially when they have special skills, so you aren’t paying high salaries for basic administrative tasks. According to the 2022-2023 Aflac WorkForces Report , 59% of American workers are reporting moderate or higher levels of burnout. Their answers can be revealing.
Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. General consensus: Proposed regs, if they ever are released, will raise the minimum salary employees must earn to remain exempt from overtime under the Fair Labor Standards Act. Final e-filing regs.
This is good news for Payroll, which can postpone tracking employees’ salaries and reworking the payroll software ; Benefits, which is probably in the process of making conforming amendments to the 401(k) plan; and employees, who can continue to make catch-up contributions on a pretax basis.
simonewu 24/01/2023 Human resources (HR) functions are evolving quickly. Negotiation skills : HR assistants will be regularly involved in various negotiations, including salary discussions and purchasing meetings. What does it take to be a successful HR Assistant? A great HR assistant needs excellent people and communication skills.
By Bonnie Low-Kramen for Admin Professional Today | November, 2023 The Great Resignation of 2020 led to massive and chaotic hiring in 2021. Quiet Hiring is about filling open positions with the staff who are already on the payroll rather than hiring from outside the company. What’s happening now? Quiet Hiring.
As work stress intensifies, 88% of employees say wellbeing support is as important to them as their salary, yet many feel employers are falling short. This is consistent with 2023’s result of 87% and up from 68% in 2022.
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