The Department of Labor (“DOL”) announced a new overtime regulation through a final rule that will go into effect for all employers on July 1, 2024, less than two months from now.  The final rule significantly increases the current salary level that delineates which salaried workers are entitled to overtime pay protections under the Fair Labor Standards Act (“FLSA”).

The FTC originally proposed the Non-Compete Clause Rule on January 19, 2023, pursuant to President Biden’s 2021 “Executive Order on Promoting Competition in the American Economy.” After review of approximately 26,000 public comments over the course of 15 months, the FTC adopted the final rule addressing non-competes.

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