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Why Will Employers Increase Wages in 2025?
The latest Salary Budget Planning Report released by Willis Towers Watson (WTW) shows that salary budget increases are expected to rise by 3.9% in 2025. The overall median pay raise for 2024 dropped to 4.1%, compared with 4.5% in 2023. Although these expected wage...
4 Things Employers Should Know About Pay Transparency
Have you heard about pay transparency? It’s the idea that companies should be open with employees and applicants about pay and, more broadly, what factors they include when making decisions about compensation. It’s no secret that expectations around pay have changed,...
Here are the Changes to the New York Tipped Wage Rate
On Dec. 31, 2019, New York amended its wage order for miscellaneous industries to eliminate the minimum wage rate for tipped employees. Please note that the current New York tipped wage rate still applies to the restaurant and hospitality industries. The miscellaneous...
