12/23/2024
The days of dramatic salary budget increases may be behind us, but don’t expect a return to pre-pandemic norms just yet. Recent data from WTW’s Salary Budget Planning Report reveals that U.S. companies are maintaining their salary-increase budgets at elevated levels, with projections hovering at 3.7% for 2025—just a slight dip from 2024’s 3.8%.
12/09/2024
The Department of Labor has appealed a ruling by a federal judge in Texas that overturned the Biden administration’s rule that would have made some 4 million more white-collar workers eligible for overtime pay.