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The Federal Trade Commission (FTC) has announced a proposal that would ban noncompete clauses, which are contracts that can prohibit employees at a company from job jumping within their career field, trading company insights, and more. . Coca-Cola’s secret formula might be at risk. Loss of Intellectual Property and Proprietary Information .
The Department of Labor may soon release proposed regulations raising the salary employees must earn to remain exempt from the Fair Labor Standards Act. The current weekly salary is $684 a week or $35,568 a year. Why: Final regulations issued in 2016 almost doubled the salary threshold and were thrown out by a federal court.
Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. Proposed regulations covering white-collar employees were included in the Department of Labor’s spring 2022 semiannual regulatory agenda. We wish we had a crystal ball, but we don’t. Final e-filing regs.
Proposed regulations raising the salary employees must earn to be exempt from overtime were published in last Friday’s Federal Register. You need to use this time wisely to determine the impact final regulations may have on your payroll by auditing your employees and your pay policies. You have until Nov. 7 to comment.
Quiet Hiring is about filling open positions with the staff who are already on the payroll rather than hiring from outside the company. She offered a proposal for a revised onboarding plan to the HR team, including the fact that she would be the project leader with a revised salary to go along with the plan. Quiet Hiring.
Spearheaded by entrepreneur and former presidential candidate Vivek Ramaswamy, who has been tapped to lead the newly proposed Department of Government Efficiency (DOGE), the plan seeks to reduce the federal workforce through a strategy designed to prompt mass resignations. trillion budget, meaning salaries account for just 1.8%
The federal workforce could face significant reductions under a new initiative proposed by President-elect Donald Trump. Excluding active-duty military personnel, reservists, and the Postal Service (which operates independently), the total federal civilian payroll is approximately $213 billion annually.
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