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21 Financial Events and Trends During 2021

Money Talk

Income and Jobs- An unprecedented 1 in 4 American workers quit jobs in 2021 as people re-evaluated work requirements, personal values, career options, and work-life balance. Fraud- Top fraud categories reported by the Federal Trade Commission in a 2021 report were imposter, online, and internet services scams.

Finance 363
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Workers Pay the Price—Amazon Prime Day Linked to Worker Injuries

HR Digest

A Senate investigation into worker injuries associated with Amazon Prime Day found that the company’s highly popular sale day has had a significant impact on the well-being of workers in the past. Another example of Amazon prioritizing productivity over safety came from the use of its automatic conveyor belts.

Medical 52
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What is Futa and Suta Tax?

HR Lineup

As an employer or business owner, there are various taxes that the federal and state government requires you to pay. For instance, the W-2 employee (FICA) tax requires you to withhold your workers’ money to cater for medicare and social security taxes. With the W-2, employers will also contribute a share of those taxes.

Taxes 243
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Government increases national living wage by 9.7% for 2023

Employee Benefits

Autumn budget 2022: The government has agreed to raise the national living wage by 9.7% 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 from April 2023.

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Incoming government sets out its plans for changes to employment law

Workplace Insight

Some of the proposed changes to employment law could happen quite quickly, for example, changing the remit of the Low Pay Commission in relation to the national minimum wage. They will try to ensure that all workers have the right to a contract that reflects the number of hours they regularly work. ?

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Artificial Intelligence and the Candidate Experience – hr bartender

HR Bartender

workers believe the automation of certain duties or tasks would give them more time to focus on other areas of work. If you’re not aware, the Equal Employment Opportunity Commission (EEOC) has launched an initiative to examine how technologies impact employment decisions.

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Ten Things to Know About Target-Date Funds

Money Talk

Where They Are Used- Target-date funds are a frequent “menu” option for workers to select in tax-deferred employer retirement savings plans. For example, federal government workers have “L Funds” in the Thrift Savings Plan. Securities and Exchange Commission.