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Government increases national living wage by 9.7% for 2023

Employee Benefits

from April 2023. In his autumn budget address to the House of Commons, Chancellor of the exchequer Jeremy Hunt (pictured) stated that he had accepted recommendations made by the Low Pay Commission to increase the national living wage to £10.42 for 2023, representing a pay rise of more than £1,600 for the average full-time employee.

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Equality and Human Rights Commission updates pregnancy and maternity toolkit

Employee Benefits

The Equality and Human Rights Commission has updated its toolkit to provide employers with advice on how to prevent pregnancy and maternity discrimination in the workplace. The post Equality and Human Rights Commission updates pregnancy and maternity toolkit appeared first on Employee Benefits.

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FTC Proposes Rule Banning Noncompete Agreements

McDermott Will & Emery Employee Benefits

On January 5, 2023, the Federal Trade Commission (FTC) issued a proposed rule that would prohibit employers from using noncompete agreements with their employees or independent contractors.

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Deadlines for the Adoption of Clawback Policies Extended

McDermott Will & Emery Employee Benefits

The US Securities and Exchange Commission (SEC) recently approved amendments to clawback policy listing standards proposed by the New York Stock Exchange (NYSE) and the Nasdaq Stock Market LLC (Nasdaq) that extend the effective date of the exchanges’ respective listing standards to October 2, 2023.

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Final SEC Clawback Rules: Key Dates that Issuers Need to Know

Proskauer's Employee Benefits & Executive Compensa

On November 28, 2022, the Securities and Exchange Commission (the “SEC”) published the final clawback rules (the “Final Rules”) under the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) in the Federal Register. November 28, 2023 : Outside date for the exchanges’ listing standards to become effective.

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FEDlogic – An Employee Benefit Reducing Expenses & Offering Peace of Mind 

HR Professionals Magazine

At least 20% of employees aged 65 and older may be unaware they can continue working, but elect Medicare as their primary insurance. LANDSCAPE & IMPACT In 2022, FEDlogic commissioned the actuarial firm Perr & Knight to complete an exhaustive independent analysis of self-funded group healthcare plans and trends in high-cost claims.

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The Perfume Shop implements on-demand pay

Employee Benefits

Within the last 12 months, The Perfume Shop has introduced a range of financial support initiatives for its employees. We’re confident we offer one of the best suites of benefits and wellbeing offerings on the high street and these further investments demonstrate how much we value our teams.”