Payroll
Today’s Leaders Risk Falling Behind Without Skills for Managing a Hybrid Workforce
High-touch skills development is critical as the pandemic has permanently changed not just how work gets done, but where it gets done.
California Minimum Wage to Rise to $15.50 Per Hour
That represents an increase of 50 cents-an-hour for businesses with 26 or more employees, and $1.50 an hour for those with 25 or fewer.
Existing-Home Sales Dipped 7.7% in November
The median existing-home price for all housing types in November was $370,700, an increase of 3.5% from November 2021 ($358,200), as prices rose in all regions.
Wells Fargo to Pay $3.7 Billion in Fines and Restitution for Mismanaging Consumer Loans and Accounts
The Consumer Financial Protection Bureau ordered the bank to pay a $1.7 billion fine, and refund more than $2 billion to customers for “widespread mismanagement” of those kinds of accounts.
Thanks, Inflation: Essentials Are a Lot Pricier This Holiday Season
The majority (or 88%) of holiday staples have gotten more expensive over the past year, according to a Bankrate study.
Americans’ Financial Stress Casts a Shadow Over 2022 Holiday Season
82% of U.S. workers say they will cut back on holiday gifts, travel expenses, or take on credit card debt.
Many Employers are Reshaping Performance Management and Pay
Less than half (49%) agree that managers at their organizations are effective at assessing the performance of their direct reports.
Suspected Digital Holiday Shopping Fraud in U.S. Increases 127%
18% of e-commerce transactions between Nov. 24 and Nov. 28 in the U.S. were suspected to be fraudulent.