California Releases Guidance on Pay Transparency Law

?On Jan. 1, California’s new pay transparency law requiring pay scales in job openings went into effect.  Although Senate Bill 1162 was passed in September, many employers were left to wonder how... Read more »

New York City Pay Transparency Law Applies to Remote Jobs

?With more employers allowing remote work anywhere in the country, a New York City law may compel companies outside the city to be more transparent about pay rates. New York City joined... Read more »

Average US Pay Increase Projected to Hit 4.6% in 2023

Employers in the U.S. plan to boost salaries an average of 4.6 percent in 2023, up from 4.2 percent this year, according to a new study. Employers say inflationary pressures and the... Read more »

Average U.S. Pay Increase Projected to Hit 4.6 Percent in 2023

Employers in the U.S. plan to boost salaries an average of 4.6 percent in 2023, up from 4.2 percent this year, according to a new study. Employers say inflationary pressures and the... Read more »

SEC Adopts Compensation Clawback Rule with Requirements for Public Companies

The U.S. Securities and Exchange Commission (SEC) on Oct. 26 released a long-awaited final rule on incentive-compensation clawbacks, requiring publicly traded companies to have policies for recouping executive compensation if revised company... Read more »

Company Cultures Adjust to Disclosing Pay Ranges in Job Ads

As New York City joins localities requiring employers to publish pay ranges in job ads, more employers across the U.S. are as well, even in places that don’t require them to. Consultancy... Read more »

Employee Dissatisfaction Is Up, Driven by Insufficient Pay and Burnout

New research on employee sentiment shows significant declines in employee satisfaction and commitment to their employers since last year, most noticeably with regard to compensation, work/life balance, benefits and career goals. HR... Read more »

Retroactive Filing for Employee Retention Tax Credit Is Ongoing Through 2024

Many employers have already claimed millions of dollars in tax credits through the Employee Retention Tax Credit (ERTC). Those employers that have not yet claimed (or incorrectly claimed) any ERTC may still... Read more »

2023 Social Security Wage Cap Jumps to $160,200 for Payroll Taxes

Starting Jan. 1, 2023, the maximum earnings subject to the Social Security payroll tax will increase by nearly 9 percent to $160,200—up from the $147,000 maximum for 2022, the Social Security Administration (SSA)... Read more »

Persistent Core Inflation Keeps Pressure on Wages

Consumer inflation in the U.S. continues to accelerate at the fastest pace in decades, as workers’ pay raises trail rising costs. The Consumer Price Index (CPI) for all items rose 8.2 percent... Read more »
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