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workers who are fully remote or in a hybrid arrangement said they are very likely or somewhat likely to seek alternative employment if they are required to return to the office (RTO) full time (at least 30 hours per week) at their current salary, according to a new FTI Consulting, Inc. The majority (70%) of U.S. NYSE: FCN) survey.
Key upcoming changes in 2025 include updates to overtime rules, pay transparency requirements, and more. Ongoing monitoring of state-specific laws and global labor regulations is essential as businesses adapt to a changing legal environment. Overtime Pay Rule Changes (U.S.) What HR Leaders Need to Do Now: 1.Reassess
Open-ended exemption tests for employees dictate that individuals working for salaries hardly above the national poverty line can be exempt from overtime payments so long as their employer can create responsibilities that sound administrative. The second test is the salary test, which states that an employee must meet a salary threshold.
The rule, scheduled to take effect on July 1 , mandates that employers pay overtime premiums to salaried workers earning less than $1,128 per week. The new regulation significantly increases the salary threshold from the current $35,500 set in 2019 to approximately $58,600 per year. Reuters reports that U.S.
Volkswagen also plans to cut salaries at the brand by at least 10% and freeze pay in both 2025 and 2026, Cavallo said. Unions have immense clout at VW, where labor representatives hold half the seats on the supervisory board and are, in theory, legally entitled to hold strikes from Dec.
The offer states that anyone who accepts it will be paid their full salary and benefits until Sept. 30, 2025, and will be exempt from the return-to-office mandate. No complicated paperwork or exit interviews requiredjust a reply to the email with the word resign. Office of Personnel Managements (OPM) FAQ page.
A coalition of prominent business groups has filed a lawsuit against the Biden administration’s new overtime pay regulation. The rule, set to take effect in 2024, extends mandatory overtime pay to an additional 4 million workers by raising the salary threshold for exemption to $58,600 annually.
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