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For calendar-year plans, employees will be making changes very soon for the 2025 plan year. A more expensive drug is then substituted or they no longer need to take the drug. The cafeteria-plan rules require employees to designate their pretax deductions before the start of the plan year.
When your business outgrows your financial systems, guesswork becomes expensive, and control slips fast. When your business outgrows your financial systems, guesswork becomes expensive, and control slips fast. That guesswork becomes expensive: poor pricing, delayed collections, bloated teams or missed decisions.
in 2025, up from 3.5% If salary raises arent in the budget for 2025, focusing on rewards and recognition is just as crucial, while keeping costs in check. If salary raises arent in the budget for 2025, focusing on rewards and recognition is just as crucial, while keeping costs in check. Payrollexpenses have surged by 5.5%
percent in the first quarter of 2025, the first retreat in eighteen months. This one-two punch of shrinking output and swelling costs leaves executives hungry for a lever that widens margins without hacking payroll. Unlike previous waves that trimmed hardware or storage expenses, this one compresses the cost of cognition itself.
By Tom Wheelwright Edited by Maria Bailey Jun 17, 2025 Share Copy Key Takeaways The government wants you to invest in your business — now more than ever The government is shifting what it wants you to invest in Personal tax changes will impact you and your employees Thinking of starting a business? businesses stay globally competitive.
Nonfarm payrolls increased by 139,000 jobs in May, down from 193,000 a year ago. Economists said the data raised the possibility that payrolls could be revised substantially down from April 2024 through May 2025. more expensive. An immigration crackdown by the White House is also slowing employment gains.
In 2025, a growing number of major employers are mandating full-time returns to the office. Similarly, the federal government has followed suit; by early 2025, over 400,000 federal employees were required to be in the office at least two to three days per week, with some agencies enforcing full-time attendance.
Nonfarm payrolls likely increased by 170,000 jobs after surging by 256,000 in December, a Reuters survey of economists showed. The government will also publish its annual payrolls benchmark revision and introduce new population weights to the household survey, from which the unemployment rate is derived. pace in the third quarter.
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