Staffing

Under proposed changes from the Dept. of Labor, any salaried employee making less than $55,000 per year, or $1,059 per week, would be eligible for overtime. That would be a significant jump from the current cutoff at $35,568 per year.

Fixing the crumbling talent pipeline in accounting was a topic that came up during a session at “Bridging the Gap” on Aug. 29.

81% of full-time workers and job seekers were in support of a 4-day work week. More than 1 in 3 workers (37%) are willing to change jobs or industries for a 4-day work week.

Pay transparency has been gaining momentum and is considered a step towards pay equity and reducing gender and racial pay gaps.

According to the Federal Reserve Bank of New York, the average reservation wage is up from about $72,900 a year ago.

A global accounting industry survey of more than 6,000 accountants and auditors conducted earlier this year revealed the No. 1 challenge respondents currently face is attracting and retaining skilled talent.

The agency has increased its full-time staff to nearly 90,000, a level not seen in more than 10 years, Commissioner Danny Werfel said.

Professionals on the Move is a round-up of recent promotions and staffing announcements around the profession.