Talent management news from around the web: May 6 – 10, 2024

U.S. DOL’s final overtime rule increases salary thresholds for exempt employees 

More white-collar workers might be eligible for overtime if the proposed new rule on overtime clears several hurdles. 

Companies cut salary budget increases to 3.6%, trim promotions: Mercer 

Plans for slower gains to salaries align with data showing that economic growth slowed to just 1.6% last quarter, far less than expected. 

35% of employees would take less pay for non-toxic workplace: Report 

Workplace toxicity can have negative impacts around employee engagement, productivity, and well-being. 

The April jobs report highlights the need for HR to create an engaging recruitment strategy 

The latest numbers missed economists’ expectations, but the labor market is still strong.