Have you heard about the significant updates announced by the Federal Trade Commission (FTC) and the Department of Labor (DOL) regarding banning non-compete agreements and the new salary exemption threshold? Is your organization prepared to comply? What are your options? How can you protect your business? Join Lee P. Geiger (Partner, Bricker Graydon), Laura Caty (Attorney, Bricker Graydon), and Patti Dunham (Director of HR Solutions, Clark Schaefer Strategic HR) and register today to submit your questions.
We’ll cover:
- FTC Ban on Non-Compete Agreements: Learn about the FTC’s declaration to ban non-compete agreements, effective 120 days after its publication in the Federal Register. Discover the implications for employers and the exceptions provided, including insights on how to protect your proprietary information amidst these changes.
- Salary Exemption Threshold Increases: We’ll delve into the DOL’s significant updates to the Fair Labor Standards Act (FLSA) restoring and extending overtime protections. The resulting scheduled increases to the salary exemption threshold – set to go into effect July 1, 2024 – will significantly impact businesses. Explore strategies for identifying affected employees and ensuring compliance with the new requirements, including considerations for transitioning employees to non-exempt status.
