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The CalChamber and others objected vigorously on numerous grounds, noting that: trauma counseling is already covered under workers compensation; counselors are in short supply in California; and small businesses cannot absorb the obligation to provide individual counseling for an undefined length of time.
1, 2026, workers with children in the NICU may receive double the amount of leave, a total of 24 weeks. The state’s paid family leave law went into effect last year after it was passed via ballot initiative in 2020. Mothers, fathers, and individuals acting as the parent to a child (“in loco parentis”) can apply for the benefit. Starting Jan.
The Pay Equity Related Standard and Auditor Requirements of the EU Corporate Sustainability Reporting Directive state: “Under the draft standards, the employer must report the Basic Salary and Remuneration Ratio (or Annual Total Compensation Ratio) between male and female employees.
Quick look: By 2026, the HR outsourcing market is expected to grow by $10.90 ASOs handle day-to-day HR administration but do not sponsor employee benefit programs or workers’ compensation coverage. billion between 2021 to 2026. But what is causing this rapid expansion?
The Bureau of Labor Statistics’ Employment Projections 2016-2026 listed nurses among the top occupations for job growth, estimating almost 3.5 Recommendations may be considered to reduce turnover with more attractive compensation and benefits packages. Lack of talent. million vacancies in the next six years.
Employers in Iceland are only required to report on compensation every three years. Eliminate the Complexities of Global Pay Data Reporting Icelandic employers with operations in the EU should proactively evaluate their current pay practices and overall compensation philosophy. Not asking job candidates about their salary history.
While pay transparency has been top of mind for many US-based HR managers in recent years, legislation requiring companies to share more information about compensation is taking effect across the world. Best practices. Communications.
In Europe, the EU Pay Transparency Directive , adopted by the EU Council in 2023, will require member states to enact legislation to comply with the directive by 2026. Being transparent with your compensation practices shows that youre serious about paying fairly, closing pay gaps and avoiding bias.
Achieve Authentic Pay Equity With Software By 2026, EU employers with 250 or more employees must report on gender pay gaps. Further, Latvian employers should proactively evaluate their current pay practices and overall compensation philosophy. Likely implementation dates are 2026, however, some countries may enact legislation earlier.
Organizations increasingly recognize the value of achieving pay equity and being transparent about their compensation philosophy as part of their talent management strategy. The “E” should be at the forefront of all your workplace practices, including compensation.” The “E” is essential to the equation. And it extends from there.
The UK has seen significant shifts with the introduction of new tax laws targeting capital gains, specifically with changes surrounding carried interest compensation. Stage Two : Slated to commence in April 2026, the second phase is intended to create a “simpler, fairer, and better-targeted” framework for carried interest.
Some speculate it could kick in as early as July 1, 2025, aligning with the 2025-2026 fiscal year. Others bet on January 1, 2026, to sync with the tax calendar. Its also a chance to rethink compensation strategies in 2025 once we have the No Tax on Overtime Bill pass date. Because its a game-changer.
Employers are required to calculate six metrics measuring the difference in compensation by gender: Percentage of men and women in each hourly pay quarter, Mean gender pay gap of hourly pay, Median gender pay gap of hourly pay, Percentage of men and women receiving bonus pay, Mean gender pay gap of bonus pay, and Median gender pay gap of bonus pay.
If your organization wants to compete in 2026, simply let our team know by emailing us. Winners-Total Rewards/Wellbeing Total Rewards/Wellbeing Best Comprehensive Solution HRSoft Winner Compensation, incentives, and total rewards technology has historically been seen as a “nice to have” by employers.
Create a compensation philosophy. When carried out correctly, it helps to ensure consistency in compensation decisions. Globally, the most impactful legislation is the EU’s Pay Transparency Directive which will be in effect for all member states by June 2026. Consider Wage Influencing Factors (WIFs) in your company.
Healthcare organizations are increasingly relying on a flexible workforce to keep fully staffed during busy times or to compensate for seasonal labor fluctuations. economy through 2026, accounting for about 20 percent of all new jobs, according to projections by the Bureau of Labor Statistics. work in the healthcare sector.
Small businesses with 25 or fewer employees would be required to start paying at least $17 per hour next year, and $18 per hour in 2026. Required Poster and Notice Updates California law requires employers to provide employees with notice of their rights under workers’ compensation laws via posted notice.
construction sector facing a projected shortage of 499,000 workers by 2026 and 85% of companies hiring for the same skilled workers as you ( Associated Builders and Contractors ), mastering construction hiring isnt just a taskits your competitive edge. With the U.S. This ensures consistency and clarity across postings.
The analysis should take into account variable compensation such as bonuses, equity awards, etc. The EU Pay Transparency Directive , which will be enacted in some member states as soon as 2025 and will be in effect for all member states by June 2026, is the tipping point. tends to slowly follow.
During a townhall on 5 June, Petronas laid bare its intentions to carry out the layoffs in stages through to the end of 2025, accompanied by a general hiring and promotion freeze lasting until December 2026. Only “business-critical” positions will be considered for exceptions. A pivot to the future, but at what cost?
The proposal is still under review in Congress as part of a broader fiscal package tied to the 2025-2026 federal budget. Note: Delays, such as government shutdown threats, could push the No Tax on Overtime start date to late 2025 or early 2026. Bryan Shupe, aims to exempt overtime from state income tax starting January 1, 2026.
The FLSA is a federal law that requires employers to pay a minimum wage and overtime compensation for hours worked in excess of a 40-hour workweek. The agreement will be in effect until December 2026. The Wage and Hour Division enforces the Fair Labor Standards Act (FLSA), and the Family and Medical Leave Act (FMLA).
Their compensation split is much different. Talent assessment of knowledge, skills and abilities (KSA) will remain a critical recruiting skill whether you are a recruiter in 2016 or 2026. An agency recruiter works for an organization that specializes in staffing companies typically by a specific niche, silo or vertical.
average gender pay gap in the EU. The impetus for the EU Pay Transparency Directive is to increase the accountability and transparency of employers when it comes to compensation. To comply with the EU Directive, Austrian organizations with 250 or more employees will have to adapt to much more stringent requirements by 2026.
In terms of pay data reporting, ESRS Standard 1 requires organizations to disclose: “ the percentage gap in pay between women and men and the ratio between the compensation of its highest paid individual and the median compensation for its employees. Reporting in 2026 on 2025 data ).
Thus, all German employers will have to make a significant adjustment to make ahead of its anticipated implementation in June 2026. Additionally, German employers should proactively evaluate their current pay practices and overall compensation philosophy. By 2031, all smaller employers (100 or more employees) will have to comply.
However, there will be some additional requirements imposed upon them as the law, which must be in effect by June 2026, progresses. Spanish employers should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps.
Belgian employers should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps. As we’ve previously noted, the EU Directive deliberately uses the wider term of “worker” versus “employee” to account for contractors.
trillion in 2026. ” Gartner states that sustainability metrics in investment plans will be standard practice by 2026. At the beginning of 2022 in the US, 13% of total assets ($8.4 trillion) under professional management were sustainable investment assets.
Eliminate the Complexities of Global Pay Data Reporting Employers with operations in the EU should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps.
Streamline Your Global Pay Data Reporting Efforts Italian employers should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps. Compensation equity by gender. Details of full-time and part-time contracts.
Additionally, Finnish employers should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps. Likely implementation dates are 2026, however, some countries may enact legislation earlier.
This cash infusion complements employee stock compensation, giving workers immediate rewards while they wait for stock options or ESPP shares to mature. The companys $5 billion EV investment is part of a $50 billion electrification plan through 2026. If EV sales boost the top end, expect another robust payout in March 2025.
million in name, image, and likeness (NIL) revenue during the 2025-2026 season. They challenged the NCAA’s then-policy that prohibited athletes from earning NIL compensation. The revenue-sharing cap will increase annually and be calculated as 22.5% of the Power Five schools’ average athletic revenue. The original case, House v.
Key dates March 15, 2026: FSA grace period ends for the 2025 plan year, allowing additional time for eligible expenses. Non-discrimination testing (NDT) Non-discrimination testing ensures that benefit plans dont favor highly compensated employees over others. Employers must communicate these deadlines clearly to employees.
compensation analyst or HRIS specialist), compliance, efficient processes, and delivering on strategic imperatives (e.g., How to apply it: Analyze the cost-effectiveness of various recruitment strategies, or present the financial implications of a proposed compensation change. Relevance in HR roles Essential for specialized roles (e.g.,
Employers with operations in Sweden should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps. Predominantly female jobs compared to lower-valued jobs that are not predominantly female but receive higher compensation.
That’s alongside providing compensation, benefits, full-time or part-time status, duties, and access to further advancement. Nor do compensation posting requirements if the jobs are performed entirely outside of Colorado or postings entirely outside Colorado. EU member states must transpose the Directive into law by June 7, 2026.
EU member states have three years to transpose the Directive into law (until June 7, 2026). Workers are entitled to compensation for recovery of back pay and related bonuses or payments in kind. Compensation is uncapped. How effective is pay equity legislation?
Employers with operations in Portugal should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps. Likely implementation dates are 2026, however, some countries may enact legislation earlier.
Employers with operations in Ireland should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps. Likely implementation dates are 2026, however, some countries may enact legislation earlier.
Streamline Your Global Pay Data Reporting Efforts Employers with operations in Denmark should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps. All 27 member states are required to adopt the directive.
With the waning audience numbers for the show, HBO Max cut the funding it was providing to the show until recently, with plans to stop streaming the show in 2026. Bluey , Peppa Pig , and the Children of Cocomelon are the latest sensations. Whats Next For Sesame Workshop?
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