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Back to Basics: What is HR’s role in pay transparency?
Several states have implemented pay disclosure requirements, but HR should go beyond compliance and create overarching pay philosophies, attorneys at a SHRM event said. Ryan Golden, Senior Reporter Editor’s note: The Back to Basics column serves as an accessible way to understand employment law. If you’re new to HR (or just need a little refresher),…
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Voters sign off on minimum wage increases, paid leave initiatives on Election Day
Workplace issues featured in at least a dozen statewide races, and the results create an even more complex HR landscape. Ryan Golden, Senior Reporter Listen to the article7 min Much of the nation’s attention this week is likely focused on the results of Tuesday’s presidential, congressional and gubernatorial elections — the HR implications of which are…
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IRS increases 401(k) annual cap to $23,500 for 2025
Ryan Golden, Senior Reporter The update coincides with a record rate of retirement savings among 401(k) participants, according to a recent Vanguard report. Listen to the article3 min Dive Brief: Dive Insight: The annual contribution cap update coincides with what a recent Vanguard report described as a record rate of retirement savings among 401(k) plan participants. The…
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Workers say debt is influencing career decisions
Financial stress can put incredible strain on workers’ productivity and health, various studies have shown. Kathryn Moody Senior Editor Listen to the article2 min Dive Brief: Dive Insight: Financial stress can put incredible strain on workers’ productivity and health, various studies have shown. According to a report from PNC Bank earlier this year, 3 in 5…
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1 in 3 companies don’t have a pay equity strategy, survey shows
Closing the pay gap has become an urgent priority as companies move to comply with new laws and attract and retain talent, a new report indicates. By Carolyn Crist Although more companies say they’re striving for pay equity and transparency, about 34% still don’t have a pay equity strategy in place, according to a June 27 report from…
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How to factor all genders into pay equity discussions
Generally, discussions about pay equity focus on the gender pay gap between men and women but fail to consider those who identify as nonbinary and to address intersectionality. Ginger Christ As pay transparency efforts gain momentum across the country, pay equity discourse doesn’t always look at the whole picture, experts told HR Dive. Generally, discussions…
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Current wages aren’t keeping up with cost of living, workers say
Per Monster’s 2024 workplace report, the economy is straining employers and employees alike. Listen to the article2 min Dive Brief: Dive Insight: Beyond increasing compensation, another opportunity Monster highlighted as a powerful employee benefit is flexible scheduling. About 1 in 3 workers told Monster that incorporating flexible hours is the most important way that employers…
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Embracing pay transparency to drive pay equity
Pay transparency laws – laws requiring an employer to provide pay ranges for open roles, either in the job posting or through direct communication with candidates – are now on the books in ten states, with more likely on the way. Chiefly, pay transparency laws aim to reduce pay inequity and close the gender pay gap.…
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