Category: Phil’s Footnotes

Gridlocked – 2019 Salary Budget Increase Projections

Our economic growth is flourishing! The United States’ unemployment rate is as low as 3.9 percent, as reported by the United States Bureau of Labor Statistics (BLS) and our real gross domestic product (GDP) increased at a rate of 4.2...

Changes and Trends in HR – What to Look for in 2018

Last year, we looked at several changes that were anticipated beginning in 2017.  During the past year, we have seen first steps toward changes in the Affordable Care Act (ACA) and the Fair Labor Standards Act (FLSA) overtime regulations, along...

Growing Economy and Rising Stock Market

Despite our growing economy and rising stock market, one thing remains consistent – salary budget increase projections.   National, industry-wide projections are stagnant, for the fourth consecutive year at a projected median of 3.0 percent (average, 3.2 percent) for 2017-2018.  (WorldatWork)...

The Projected Standstill

Locked in a standstill, salary budget increase projections for 2017 are remaining at 3.1 percent (average) overall (3.0 percent, median), according to WorldatWork. These projections are identical to the 2016 projected numbers. However, actual 2016 budget increases were lower by...

FLSA Final Overtime Rulings

Today, May 18, 2016, President Obama and Secretary Perez have released the final ruling regarding overtime regulations. Over four million will be affected within the first year of implementation. The final ruling will become effective as of December 1, 2016...

Slight Increase In Salary Budgets Projected For 2016

Similar to their 2015 results, WorldatWork is again projecting a 3.1 percent average increase (median 3.0 percent) in salary budgets for 2016. The 2015 projections were exactly the same; however, the official numbers fell short of the 3.1 percent initial...

Proposed Overtime Regulations

Newly Proposed Overtime Regulations: What to Know and How to Plan In March 2014, President Obama instructed the Department of Labor to revise overtime regulations that will adhere to the Fair Labor Standards Act’s (FLSA) overall purpose. The Department of...
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