Did you know the U.S. Bureau of Labor Statistics provides an Economic Summary covering unemployment, employment, wages, prices, spending and benefits for the United States and specifically, the DFW area? This information is a great resource for businesses to keep a pulse on the work environment.
For example, the August 28th Summary lists the following:
The Department of Labor’s proposed salary-level increase for exempt employees is expected in the next few months. Currently, an exempt employee must make $23,660 annually to qualify as an exempt employee. The new salary-level is expected to increase to $35,308. In addition to meeting the salary-level threshold, the job duties must meet specific requirements for a position to be exempt. We will keep you updated once changes are announced.
Fall is almost here with cooler weather, football games and……annual employee benefit enrollments. As you plan your enrollment, consider the following;