Posts tagged noncompete agreements
Judge Kiboshes Labor Department’s New Overtime Requirement for Salaried Workers
November 19, 2024 // The Labor Department wanted the higher salary threshold for OT eligibility because it felt that lower-paid salary earners often work beyond 40 hours a week but don’t get compensated fairly for that additional time. Most hourly workers are legally owed overtime if their work time exceeds 40 hours in a week, but the same broad requirement isn’t in place for salary workers.
Judge Strikes Down Biden Admin Rule Affecting Millions Of Workers
August 21, 2024 // U.S. District Court Judge Ada Brown for the Northern District of Texas ruled that the Federal Trade Commission’s (FTC) banning the entire category of noncompetes, rather than targeting “specific, harmful” sub-categories of the agreements, went beyond the commission’s mandate to police unfair methods of competition. The ban on the contracts that limit workers’ ability to move to rival firms, which was announced in April, was supposed to go into effect on September 4 and would have affected roughly 30 million American workers, according to the initial FTC press release.
How changes to ‘noncompete’ agreements and overtime could affect workers
April 26, 2024 // They’ll also have to determine how they will budget for the extra pay for overtime. Small businesses will have the toughest time. “Some are going to have to cut workers,” Hollis said. “Others will have to cut hours from existing workers. “Some are going to have to raise prices, and some probably won’t be able to figure out a way to make it economically work and wind up having to shut down, unfortunately.”