HR Regulation

Now that the Democrats have finally gained control of the five-member commission, expect an even bigger surge next year, employment attorneys say.

The SEC ruling is expected to make a determination of how companies will be required to report ESG metrics, including DEI metrics and policies, labor practices, recruitment and retention, and rewards and benefits.

Pay equality has been an important topic over the last few years, and the drive to correct the systemic suppression of wages for women and minority workers for decades has led to pay transparency laws in several states. New York will now join eight other states in requiring employers to disclose to job applicants how much a position pays.

When Cigna released its second-quarter financial performance on Aug. 5, 2021, its stock dropped by 13%, and Ferrie "realized an approximately 236% profit of $16,039.78 on his investment of $6,782.05," the complaint said.

With SECURE 2.0 signed into law, featuring new auto-enrollment requirements, retirement advisors can help prepare payroll systems for the new regulations, otherwise employers will face the possibility of fines.

Managing diverse payroll regulations can be overwhelming, but the complexities don't need to hinder a thriving hybrid work culture.

Amid a tight labor market, workforce challenges are exacerbated by congressional gridlock and the rise of artificial intelligence.

Employers should also begin using the new Form I-9 on or before October 31, 2023.