Weston Hurd logo

Monthly News For April, 2024

DOL Substantially Increases Exempt Employee Salary Threshold

Posted on in Business, Employment, News
DOL Substantially Increases Exempt Employee Salary Threshold

On April 23, 2024, the U.S. Department of Labor (DOL) announced a¬†final rule¬†updating the salary threshold for employees classified as exempt. Under the Fair Labor Standards Act (FLSA), employees fall into classifications of either exempt or non-exempt from minimum wage and overtime requirements. Non-exempt employees must be paid overtime wages of 1.5 times their regular […]

FTC Announces Final Rule Banning Noncompete Agreements

Posted on in Business, Employment, News
FTC Announces Final Rule Banning Noncompete Agreements

On April 23, 2024, the U.S. Federal Trade Commission announced its long-awaited final rule regarding noncompete agreements. The FTC had issued a proposed rule in January 2023 and received more than 26,000 comments from the public in response. The final rule effectively bans employers from entering into noncompetes with workers and bans enforcement of most […]