Regulatory Shifts

The Webinar was held on June 13, 2024

Watch Full Webinar here

Experts discussed:

Key Takeaway 1: Changes to Overtime Rules

Starting July 1, 2024, the salary threshold for exempt employees under the Fair Labor Standards Act (FLSA) will increase to $43,800, with a further increase to $58,656 by January 1, 2025. This adjustment means that employers need to reassess payroll structures and potentially increase salaries for exempt employees to avoid paying overtime. Failure to meet these thresholds will necessitate converting salaried employees to hourly, requiring time tracking and overtime compensation.

Key Takeaway 2: Ban on Non-Compete Agreements

The FTC's new rule, effective September 1, 2024, bans most post-employment non-compete clauses. Exceptions apply only to senior executives with policy-making authority and salaries above $151,000 annually. Employers should prepare for this change by focusing on alternatives like non-solicitation and confidentiality agreements to protect their business interests.

Key Takeaway 3: Comprehensive EEOC Harassment Guidance

The EEOC has released a consolidated document covering harassment based on race, color, religion, sex, sexual orientation, national origin, age, disability, and genetic information. This 188-page guidance serves as a unified resource for employers to prevent workplace harassment, reflecting the latest federal standards and best practices for maintaining a respectful and compliant workplace.

We were joined by:

- Tammy Davidson, Executive Vice President of Client Services, Right Management
- Aaron Tandy, General Counsel, Boucher Brothers (Moderator)
- Diana Vita, Business Services Manager, CareerSource South Florida

Sponsors:

- Presenting Sponsor: CareerSource South Florida
- Event Sponsor: Florida Blue
- Event Sponsor: Barry University

In summary, the HR Webinar on "Legal Updates in Employment Practices," moderated by Aaron Tandy with contributions from Tammy Davidson and Diana Vita, focused on critical regulatory changes impacting employers. The discussion covered the upcoming changes to overtime rules, the FTC's ban on non-compete agreements, and the new comprehensive EEOC harassment guidelines. These updates underscore the need for employers to audit their practices, adapt to new compliance requirements, and ensure they are prepared for the upcoming legal shifts.