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(Bloomberg) President Barack Obama will raise the minimum wage to $10.10 an hour for federal contractors hired in the future, an initiative to be unveiled tonight in his State of the Union address.
Obama will issue an Executive Order covering contract workers including janitors and construction workers and repeat his call to reluctant lawmakers to increase the minimum hourly wage for all employed Americans.
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Employers are under pressure to keep benefits competitive while controlling costs, driving new scrutiny of PBMs, hospital prices and GLP-1 coverage for 2027.
Some ultrahigh net worth clients would be affected by a change to retirement plan contribution and distribution rules that's under consideration in Congress.
Technology can help brokers offer employer clients and their workforce a better benefits renewal and navigation experience.
As costs for healthcare and housing rise, a Dayforce study highlights widening gender and racial wage gaps reshaping workforce stability.
Employees look for alternative healthcare coverage in the wake of rising premiums, sparking concern over care gaps and group plan disruption.
