Law Office of Lori A. Goldstein LLC
P.O. Box 8355
Northfield, IL 60093
NEWS and UPDATES:
New Overtime Exemption Regulations Begin December 1, 2016 - Employers should be preparing for these significant changes, announced on May 31:
- Minimum annual salary to be exempt will increase from $23,669 to $47,476
- "Highly compensated employee" exemption minimum will increase from $100,000 to $134,004
- Can use nondiscretionary bonuses and incentive payments (including commissions) to satisfy up to 10 percent of the new standard salary level
Employers will need to identify exempt employees whose salaries will fall below the new minimum and budget for salary increases and/or increased overtime costs. Employees will be impacted by creative cost-saving measures, including hours reductions, shift to part-time hourly workers, and conversion of salaried employees to hourly employees at lower hourly rates.
New Rules for NDAs, Non-competes and Employment Agreements The Defend Trade Secrets Act requires changes to employment agreements, non-compete and non-solicit agreements, and nondisclosure/confidentiality agreements involving trade secrets. These agreements must now include an immunity notice permitting trade secret disclosures to the government or in a legal complaint.
Recent Presentations (thanks to the hosts and attendees):
Key Points to Consider When Negotiating a Job Offer (NSENG, 6/20/16)
Medical Marijuana in the Workplace (SBAC, 6/1/16)
CHECK OUT CAREER RESOURCE CENTER for work transition and transform your career: careerresourcecenter.org or 847-295-5626.