Officium, LLC

Recent Changes to U.S. Employment Laws & Regulations

The following HR compliance updates may impact your policies or operations. ____________________________________________________________________________ FTC BANS MOST NEW NONCOMPETE AGREEMENTS NATIONWIDE The Federal Trade Commission has approved a final rule banning most new non compete clauses in employment contracts. The rule makes all existing noncompete agreements, except those covering senior executives and not-for-profit entities, unenforceable.  Our team …

Virginia’s Non-Compete Wage Cap Increase in 2024

On January 16th, Virginia implemented significant changes to non-compete agreements, particularly for low-wage earners. Under this law, these agreements cannot be enforced for employees earning below the updated annual salary threshold of $73,320, or an average weekly wage of $1,410. In light of this change, employers are urged to review their post-employment agreements and non-compete …

Understanding Maryland’s Updated Non-Compete Agreement Laws

In a significant development for employers in Maryland, Senate Bill 591 has introduced modifications to the salary threshold that determines the permissibility of non-compete provisions in employment contracts. As of January 1, 2024, Maryland employers are now prohibited from requiring employees earning $46,800 or less annually to enter into non-compete agreements. This represents a substantial …