Employers may need to raise exempt employee salaries or reclassify them as non-exempt if the new salary thresholds go into effect.
On April 23, 2024, the Department of Labor (DOL) issued a new rule (the DOL Rule) that...more
5/3/2024
/ Compliance ,
Department of Labor (DOL) ,
Employer Liability Issues ,
Exempt-Employees ,
Fair Labor Standards Act (FLSA) ,
Federal Labor Laws ,
Final Rules ,
Highly Compensated Employees ,
Minimum Salary ,
Over-Time ,
Salaried Employees ,
Threshold Requirements ,
Wage and Hour ,
White-Collar Exemptions
The Final Rule declares most non-competes an unfair method of competition, in violation of Section 5 of the FTC Act.
In its April 23, 2024, open meeting, the Federal Trade Commission (FTC) voted 3-2 to issue a final rule...more