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Steps to take ahead of possible DOL change in exempt salary qualifications

BMT Office Administration

The Department of Labor may soon release proposed regulations raising the salary employees must earn to remain exempt from the Fair Labor Standards Act. The current weekly salary is $684 a week or $35,568 a year. Why: Final regulations issued in 2016 almost doubled the salary threshold and were thrown out by a federal court.

Salary 52
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Rising Work Stress Surpasses Inflation and AI Anxiety as the Leading Threat to Employee Mental Wellness, Highlighting a Growing Crisis

Allwork

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. Based on a global survey fielded between May and June 2024, the report compiles data from more than 5,000 global employees in nine countries.

Stress 147
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The Key To Satisfied Customers? Satisfied Employees

Allwork

90% of respondents in the organization’s third-annual “Voice of the Workforce” study, which surveyed over 1,100 full-time U.S. Salary emerged as a primary motivator for a job change, with two-thirds of the survey’s respondents stating it as a key factor.

Payroll 130
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The Four Horsemen of the Mandated Return to Office

Allwork

A Future Forum survey found that 21% of all White knowledge workers wanted a return to full-time in-office work, but only 3% of all Black knowledge workers wanted the same. A June 2022 McKinsey survey of all workers, remote-capable and not, provides further context on preferences for hybrid work. Resistance .

2022 342
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Want To Be a Freelancer? Here’s How to Get Started

Success

According to McKinsey’s 2022 American Opportunity Survey , 36% of employed respondents (equal to 58 million people) were independent workers, a figure that included gig workers and freelancers. They typically earn a fixed monthly salary rather than get paid on a project basis. If that idea appeals to you, you’re not alone.

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How can companies address the skills gap and ongoing talent shortage in their industry?

Workplace Insight

They handle the complexities of international hiring, including compliance, payroll, and benefits administration, allowing you to tap into skilled professionals globally without establishing legal entities in each country. Leveraging Employer of Record (EOR) Services: EORs can be a valuable service for accessing global talent pools.

Skills 98
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The Right Way to Share Problems at Work With Your Boss 

Success

There are numerous reasons employees might not speak up at work, from fearing backlash from bosses in charge of their promotions and salary to worrying about how it will impact their reputation. Just as you would negotiate a salary with comparisons, it is important to highlight data that could benefit the implementation of your idea.

Salary 263