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AMERICAN RESCUE PLAN ACT CONTAINS MANY EMPLOYEE BENEFITS RELATED PROVISIONS

Benefits Notes

The ARPA expands the definition of “covered employee” under Code Section 162(m) such that for tax years beginning after December 31, 2026, the next five mostly highly compensated employees of a company (after the CEO, CFO, and top three mostly highly compensated employees besides the CEO and CFO) will also be “covered employees.”

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50+ Recruitment Statistics Every HR Should Know in 2025

HR Lineup

Employee Retention & Onboarding 88% of employees say a positive onboarding experience influences long-term retention. Companies with structured onboarding improve new hire retention by 82%. 49% of employees leave within the first year due to poor onboarding. billion by 2027.