The Latest Compensation News
  • Tuesday, July 16, 2024
    On April 23, 2024, the Federal Trade Commission (FTC) voted, 3 to 2, to ban nearly all noncompete agreements. The ban is scheduled to become effective on September 4, 2024. Whether the rule will become effective remains an open question because it is already subject to litigation from various business groups, including the U.S. Chamber of Commerce, claiming the FTC doesn’t have the authority to issue the rule.
  • Tuesday, July 9, 2024

    Many companies, especially in the technology sphere, will provide their employees with options to buy stock at a predetermined exercise price. This is an opportunity to grow with the company and eventually sell the options for a significant profit if or when the company undergoes an initial public offering (IPO). Many employees sacrifice higher wages in exchange for stock options. However, a recent court decision has confirmed that stock options are not wages in the context of a retaliatory/wrongful termination claim.

    View all Payroll News.
  • Tuesday, June 25, 2024

    The Federal Trade Commission’s (FTC) noncompete rule deals a death blow to traditional noncompete agreements. Assuming challenges are unsuccessful, the rule will go into effect in August and will negate all existing noncompete clauses, with a few exceptions. For many employers, the rule will remove a significant hedge against competition. However, nondisclosure provisions, which aren’t banned under the rule, can still provide valuable protection against unfair competition if worded carefully.

  • Tuesday, June 18, 2024
    Many employers offer benefits to their full-time employees that they don’t offer their part-time employees. But when employees work part-time some weeks and full-time other weeks, determining their status for benefits purposes can be tricky. Fortunately, we have some helpful advice
  • Tuesday, June 4, 2024
    Employers are being advised to prepare for a new rule outlining which employees must be eligible for overtime pay, even though litigation threatens the U.S. Department of Labor’s (DOL) new and long-awaited regulation.
    View all Overtime News.
  • Tuesday, May 21, 2024
    A restaurant employee works two jobs—as kitchen help earning above the minimum wage and as waitstaff earning $2.13 per hour plus tips. He works less than 40 hours per week in each job but works over 40 hours for the two jobs combined. Is he entitled to overtime pay?
    View all Overtime News.
  • Thursday, May 2, 2024
    Over the past seven years, the U.S. Department of Labor (DOL) has attempted to increase the number of exempt employees who are eligible for overtime under the Fair Labor Standards Act (FLSA). On April 23, 2024, the DOL announced a final rule regarding the salary threshold required to exempt a salaried executive, administrative, or professional employee from federal overtime pay requirements. It’s estimated that four million more American workers will be eligible for overtime under the new rule.<
    View all Overtime News.

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