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China Orders Pay Cap At State-Owned Financial Firms, Risking Attrition To Private Sector

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Both state-owned and private financial firms have since proactively lowered salaries and bonuses and discouraged the show of wealth such as by asking staff to avoid wearing expensive clothes and watches. The timing is at odds with government efforts to boost consumption to revive economic growth.

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HR Leaders Share How New Salary Transparency Laws Have Changed Everything

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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. .

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

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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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Surge in Remote Work Fuels Cross-Metro Employment Boom

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Payroll data shows that from 2016 to 2019 that average decline was only 0.3%. At the same time, people who were hired into long-distance work in 2022 and 2023 experienced a “16% pay growth relative to new hires taking on local jobs. Census Bureau data shows that between September 2023 and February 2024 , the percentage of U.S.

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Salesforce Pays Matthew McConaughey $10 Million Despite Layoffs

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

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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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4 Retirement Plans Small Business Owners Should Consider

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Employers must contribute equally : To contribute to a SEP IRA, business owners must contribute the same percentage of salary for each employee. Employee Contribution Limit: Up to $22,500 in 2023 for a traditional 401(k), with $7,500 in catch-up contributions available to those ages 50 and older if the plan permits.