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The index is also used in determining annual US government-employee salary adjustments by across-the-board General Schedule adjustments. National Compensation Survey – Employment Cost Trends produces quarterly indexes measuring change over time in labor costs (ECI) and quarterly data measuring level of average costs per hour worked (ECEC). [1]
In August 2023, the BLS announced it would stop collecting data on workers' compensation, which provides medical care and wage replacement in exchange for the employee's right to sue their employer for negligence. While this benefit is required by most states, workers' compensation only costs employers an average of $0.46 per hour of an ...
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The Federal Employees Pay Comparability Act of 1990 or FEPCA (H.R. 5241, Pub. L. 101–509) is a United States federal law relating to the salaries for employees of the United States Government. In the 1980s, salaries for civil servants in the executive branch had fallen behind private sector pay. FEPCA was enacted to provide guidelines to ...
A report for the third quarter showed that the Employment Cost Index slipped to +0.4% from +0.5% in the second quarter. Bloomberg was calling for a reading of +0.5% today, but that appears to be
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In 2019, SHRM released its report, "The High Cost of a Toxic Workplace Culture". [18] The company polled American employees in order to determine the impact of culture on workers’ well-being and business’ financial health. [18] According to the report, 20% of employees left their jobs between 2014 and 2019 because of toxic workplace ...
How to invest in low-cost index funds. ... averaging 12.6 percent from 2013 to 2022. The Nasdaq Composite has shown an even better return over the past decade, putting up annual returns of over 13 ...