Millions of Americans are getting a raise from Social Security next year. But the bigger story may be what happens a few years later, when the program’s main trust fund is projected to run dry. The Social Security Administration (SSA) announced a 3.6% cost-of-living adjustment (COLA) for 2027 on Oct. 14, raising monthly payments as
If companies want more engaged workers, ADP CEO Maria Black says CEOs and senior leaders should start by asking themselves if employees trust them. Speaking with Fortune executive editorial director Diane Brady at Fortune’s Most Powerful Women Summit in California this week, Black said trust and engagement gang together. Employees who trust the people around
Employees have long been sold the idea that working hard and outperforming their peers would lead to sizable pay hikes and title upgrades. But now, some companies are ditching merit-based wage bumps in favor of “peanut butter raises”—and it’s hurting employee morale. Around 36% of U.S. companies say they gave out standard, across-the-board pay increases
