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Biden-Harris Administration Announces Final Rule Increasing Overtime Compensation Thresholds

On April 23, 2024, the Biden-Harris administration expanded overtime protections for millions of salaried workers. The rule becomes effective July 1, 2024, and will increase the current salary threshold of $35,568 to $43,888, and then increase again on January 1, 2025 to $58,656. Beginning July 1, 2027, wage thresholds will be updated every three years….

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FTC Issues Rule Banning Noncompete Agreements

On April 23, 2024, the Federal Trade Commission passed a rule banning noncompete agreements.  The FTC previously found that noncompetes negatively impact employees and business in a number of ways and estimates that the move to ban noncompetes will increase the number of new businesses created and will result in higher earnings for workers. The…

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