The following transcript is provided unedited. Tony Lee: Welcome to the HR Storyteller podcast series from the Society for Human Resource Management. I’m your host, Tony Lee, head of content here at... Read more »
401(k) Plan Limits Defined Contribution Plans 2023 2022 Change Maximum employee elective deferral (age 49 or younger) 1 $22,500 $20,500 +$2,000 Employee catch-up contribution (age 50 or older by year-end) 2 $7,500 $6,500 +$1,000 Maximum employee... Read more »
The IRS released adjustments that will raise the top amounts of all seven federal income tax brackets for 2023 and thereby increase the paychecks of many employees by taxing more of their... Read more »
?Federal data shows that the number of people with disabilities finding employment is increasing. Disability advocates credit the rise in remote work. In October, the U.S. Bureau of Labor Statistics’ monthly report... Read more »
?About 1 in 4 women and 1 in 9 men experience domestic violence, also called intimate partner violence (IPV), during their lifetime, according to the National Coalition Against Domestic Violence. IPV includes... Read more »
?The U.S. Supreme Court recently vacated a lower court’s ruling in a wage lawsuit against Domino’s Pizza by ingredient delivery drivers. On Oct. 17, the U.S. Supreme Court sent the case back... Read more »
?Employee 401(k) contributions for 2023 will top off at $22,500—a $2,000 increase from the $20,500 cap for 2022—the IRS announced on Oct. 21. Plan participants age 50 or older next year can... Read more »
?The New Jersey Legislature is now considering a revised bill from Gov. Phil Murphy, which would, among other things, require businesses to pay temporary workers no less than the average rate of... Read more »
?SHRM President and Chief Executive Officer Johnny C. Taylor, Jr., SHRM-SCP, is answering HR questions as part of a series for USA Today. Do you have an HR or work-related question you’d like... Read more »
?Hiring a new employee is both a costly and time-consuming endeavor. Recruiters say the amount it costs to bring in a new employee is at an all-time high in the midst of... Read more »
