Non-Competes & New Salary Threshold

This meeting will be in person at ATLAS Green/N Canton Office in their educational room.  Entrance is in the back of the building.

Registration/Meal/Business Meeting- 5:30 to 6:00pm
Meeting – 6:00 to 8:00pm

This is a 2-hour meeting so we will be starting promptly at 6:00pm

Non-Competes & New 7/1/24 Salary Threshold – Presented by: Renee West

The U.S. Federal Trade Commission has proposed a new rule banning the use of noncompete clauses in employee contracts nearly across the board because they suppress wages, hamper innovation, and prevent entrepreneurs from starting new businesses.

Effective July 1, 2024, the salary threshold for exempting a bona fide executive, administrative, or professional employee from federal overtime requirements will increase to $844 per week, which is equivalent to an annual salary of $43,888. This is part of the Department of Labor’s new final rule, which will automatically update the threshold every three years thereafter.