October 2, 2019

Greetings! Engagement. Retention. Employee Experience. Culture. It's on the minds of business leaders, regardless of industry, geography or size. Our latest hot topic survey, Compensation and Talent Insights for 2020 and Beyond , tells the story of what employers are doing now and what they’ll be doing   in the future. 

News to Know FLSA Final Rule Is Here The Department of Labor (DOL) released its long-awaited final overtime rule on the FLSA exemption for executive, administrative, professional, outside sales, and computer employees (also known as the “white collar” exemptions). The changes are effective January 1, 2020 . Four Employee Benefits Crucial to Maintaining Employee Mental Health Most employers want to support the mental health of their employees. Four specific employee benefits are discussed that are key to maintaining the health and productivity of employees with mental health conditions. 2020 Per Diem Rates Issued for Travel Expense Reimbursements The IRS has provided the 2019-2020 special per diem rates for taxpayers to use to substantiate ordinary and necessary business expenses incurred while traveling away from home.

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From the MRA Expert Insights to Attract and Retain Talent In a tight labor market, an effective total rewards strategy that’s aligned with a solid business plan is a key component to attract and retain top talent. Last week at the MRA event CompTrends: Pay, Benefits & Best Practices,   over 800 attendees gained valuable, fresh insight to better understand market competition for talent and how compensation via total rewards plays an important role. 

‌ Mike Kopczynski

Poll Question How much does your organization spend per employee on years-of-service awards? Take Our Poll 

The Survey Says...

MRA’s Survey Department is excited to announce that our brand new 2019 Compensation Trends Survey has published. Survey participants are able to access the full report in their dashboard at www.mranet.org .  The 2019 National IT & Engineering Compensation Survey has also published. This survey is a combined effort among employer associations across the U.S. Members who did not participate can purchase the PDF.

Any questions? Contact our Survey Team at surveys@mranet.org.

Did You Know... According to the National Alliance on Mental Illness (NAMI), one in five adults experience mental illness each year. The impact on organizations can lead to increased absenteeism, turnover, and lower productivity. What can employers do? Attend MRA’s event, Creating Workforce Resilience , to learn more about the challenges of trauma and mental health issues and how to create workforce resilience.

MRA - The Management Association | 800.488.4845 | www.mranet.org

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