On November 1, the U.S. Bureau of Labor Statistics (BLS) published its Employment Situation Summary for October 2024. Commonly known as “the jobs report,” it indicated a cooling hiring market, with only 12,000 jobs added in the month in question. The … [Read more...]
Employers should familiarize themselves with wage and hour audits
Earlier this year, the U.S. Department of Labor (DOL) announced a new final rule on the minimum annual salary threshold that partly determines whether employees are exempt from overtime pay. Under the final rule, the threshold increased on July 1 … [Read more...]
How businesses can better retain their salespeople
The U.S. job market has largely stabilized since the historic disruption of the pandemic and the unusual fluctuations that followed. But the fact remains that employee retention is mission-critical for businesses. Retaining employees is still … [Read more...]
Employer impact: New final rules on mental health and substance use coverage
The Mental Health Parity and Addiction Equity Act (MHPAEA) was enacted in 2008. Its chief mandate is to prevent group health plans and health insurance issuers from imposing more restrictive financial requirements and treatment limitations on mental … [Read more...]
FTC’s ban on noncompete agreements remains in legal limbo for now
Many employers have used noncompete agreements to prevent departing employees from taking valuable information and key customers with them to competitors after they walk out the door. Earlier this year, the U.S. Federal Trade Commission (FTC) … [Read more...]
Housing assistance as a fringe benefit draws some employers’ interest
For most employers today, the question isn’t whether to sponsor fringe benefits for employees but which ones. Beyond the basics, such as health insurance and retirement plans, there are many options to consider. One that’s been drawing interest from … [Read more...]
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