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Tired of Employee Turnover? Increase Retention with this Easy to Implement Cost-Free Solution

Payactiv

Turnover is costing you exorbitant amounts of money every year and HR departments have been fighting it for decades. Replacing an employee making $10 per hour equates to $3,328 and this number continues to increase with higher brackets. Earned Wage Access Confirmed to Increase Employee Retention Impact Report” .

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EEOC and WHD Alliance Impacts Every Employer

Trusaic

The EEOC (Equal Employment Opportunities Commission) and Department of Labor WHD (Wage and Hour Division) have agreed on a partnership to enforce “workplace justice issues”. Coordination between the two agencies will increase through information sharing, joint investigations, training, and outreach.

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Minimum wages increasing in some states

FingerCheck

Did you know there’s a state minimum wage increase coming next year? Here’s a quick breakdown of which states are raising their wages. Fingercheck’s map offers an at-a-glance view of wage changes for 2023. Fingercheck’s map offers an at-a-glance view of wage changes for 2023. federal minimum wage.)

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2022 minimum wage increases by state

Homebase

The federal minimum wage rate that stipulates employers pay employees $7.25 an hour has not been modified since 2009. This rate is laid out under the federal Fair Labor Standards Act (FLSA) and applies to businesses around the country unless state law requires a higher wage. . 2022 minimum wage by state . Get started.

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Our 5 Most Popular Broker Blogs of 2023

Extensis

The articles focused on various topics, from helping clients’ employees make the most of their FSA funds to the results of the Forbes Best Employee Benefits survey, and will keep providing valuable insight as 2024 begins. The human resources (HR) industry experienced several key trends this year.

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7 Benefit Program Changes Resulting from the SECURE 2.0 Act of 2022

UKG

7 Benefit Program Changes Resulting from the SECURE 2.0 7 Benefit Program Changes Resulting from the SECURE 2.0 7 Benefit Program Changes Resulting from the SECURE 2.0 Here are seven key provisions that will impact employer retirement plans. The $10,000 will be adjusted for inflation annually beginning in 2026.

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McKinsey Study Overview: What to Expect in U.S. Healthcare in 2023 and Beyond

Extensis

Brokers and SMBs are collectively tapping into their arsenal of resources and experience. And by adding the competitive advantage of a PEO solution , they can uncover creative solutions to keep healthcare plans affordable and accessible. Key points from the study The overall sentiment of the study shows growth.