On August 30, 2023, the Wage and Hour Division of the Department of Labor (DOL) announced a proposed rule to “ensure that more workers receive extra pay” for working over 40 hours a week.
A holistic, deliberate, and tailored total rewards package gives your organization a compelling answer to the question, What’s in it for me? Taking a total rewards approach to your EVP is what your business needs and your people want.
Pay transparency laws have matured and spread in recent years—and the momentum is picking up. If the trend continues, one or more laws apply to your organization sooner than later. Because you can see the changes coming, you can act now to be prepared. This article covers basic steps you can take to prepare for navigating the future of pay transparency.