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New Overtime Rule Takes Effect in Two Phases, FTC Bans Most New Noncompetes, DOL Finalizes Fiduciary Rule, more

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SHRM's HR Daily
April 24, 2024
 
 
 
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Access compliance alerts, tools and more.
 
 
 
SHRM's AI OUTLOOK 2024: How AI Is Shaping the Future of HR
 
April 30, noon to 4 p.m. ET / 9 a.m. to 1 p.m. PT
Dive into the intersection of artificial intelligence and HR with SHRM President and Chief Executive Officer Johnny C. Taylor, Jr., SHRM-SCP, and BambooHR's AI and HR heads, Alan Whitaker and Anita Grantham, in a dynamic webcast discussion. The session will confront common fears about AI such as job displacement and offer guidance on leveraging AI as a beneficial tool in HR strategies, as well as addressing bias and regulatory issues. Reserve Your Spot Today.
 
 
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Johnny C. Taylor, Jr.
President and CEO, SHRM
 
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Alan Whitaker
Head of AI at BambooHR
 
Anita Grantham.png
Anita Grantham
Head of HR at BambooHR
 
 
 
 
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New Overtime Rule Takes Effect in Two Phases
The U.S. Department of Labor's (DOL's) two-part approach to its new overtime rule—providing for one raise of the salary-threshold level on July 1 and another on Jan. 1, 2025—gives employers options for adjusting the pay of their hourly employees.
 
 
 
FTC Bans Most New Noncompete Agreements Nationwide
The U.S. Federal Trade Commission (FTC) approved a rule banning most new noncompete clauses in employment contracts—a sweeping change affecting millions of workers.
 
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2024 Voice of the Workplace Report
Explore the top 5 trends that are impacting workplace culture based on perspectives from HR professionals, employee feedback, and millions of Calm users across the globe.
Download Report
 
 
MORE FROM SHRM ONLINE
 
 
 
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DOL Finalizes Fiduciary Rule
The DOL finalized its fiduciary rule with the aim to shore up protection for retirement investors from "improper investment recommendations and harmful conflicts of interest." But the rule may impose unintended consequences on employer plan fiduciaries.
 
 
 
SHRM 2023 Annual Report: Driving Change and Improving Lives
During SHRM's 75th anniversary year, the organization championed initiatives aimed at addressing critical workforce challenges, including workplace development, equity, flexibility and leave. It also notched record-breaking conference attendance, launched new educational offerings and reached an all-time-high membership of 329,053 members.
 
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Need HR Software? Try SSR's free HR Software matching service!
SHRM subscribers, you can now use SSR's free HR software matching service to find the perfect HR, ATS, and Payroll Software for your organization. SSR's HR software experts will tailor a vendor shortlist based on your unique needs, packaged with advice to save you time and money. No fees, no commitments, just great insight from people who truly understand these tools. Join over 15,000 companies that SSR has helped find the right HR systems!
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Benefits Leaders Are Optimistic About AI in Benefits, but Knowledge Lags
A new survey indicates that most benefits leaders are optimistic about the role AI can play in benefits administration, yet a significant knowledge gap about AI solutions persists.
 
 
 
Samsung Execs Take on Six-Day Workweek
At a time when many companies worldwide are moving toward a four-day workweek, Samsung Electronics has implemented a six-day workweek for its executives to address performance shortfalls from 2023.
 
 
 
Strategies for Navigating Business Changes in China During Uncertain Times
Due to the economic effects of COVID-19 and changing geopolitical landscapes, many global employers are re-evaluating their operations in China. This often involves considering layoffs and other business restructures, requiring careful strategy given China's strict employment laws.
 
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Join NASCAR, On, and e.l.f. Beauty at CFG 2024
We're excited to bring leaders from some of today's most successful and innovative companies, such as NASCAR, e.l.f. Beauty, and On to the Culture First stage, where they'll share proven culture strategies that have demonstrated success. Don't miss out on a full day of conversation, connection, and inspiration about culture at work –  register now for Culture First Global, a free, virtual conference!
Register now for free
 
 
SHRM WEBCASTS COMING SOON
 
 
5 Trends Defining the Future of Hiring
May 6, 2 p.m. ET / 11 a.m. PT
Sponsor: iCIMS
Companies excelling in talent acquisition possess distinct advantages: strategic clarity, automation and the requisite technology for rapid execution, all essential for securing top talent and driving business expansion. Join this program to discover the top five emerging trends in 2024's hiring landscape, as unveiled by industry experts, and learn about the critical technologies that can give you a competitive edge. Our expert panel will explore crucial issues, including the influence of generative AI in recruitment, strategies for skills-based hiring, and the equilibrium between attracting and retaining employees.
 
 
 
From Boomer to Zoomer: How Different Generations Interact with Workplace Tech
May 7, 2 p.m. ET / 11 a.m. PT
Sponsor: Paycom
Workplace technology expectations and attitudes vary significantly across generations, leading to different views on what constitutes inefficient technology and strategies for addressing tech-related issues. This webinar will cover the generational differences in tech expectations, the connection between tech disengagement and cognitive overload, tech disengagement's impact on productivity, and the costs of manual tasks when technology fails. You'll be equipped with a wealth of resources and actionable steps to improve your organization's tech strategy and employee engagement.
 
 
 
Maximize, Optimize, Revolutionize: Your Broker's Role in HR Excellence
May 13, noon ET / 9 a.m. PT
Sponsor: Nava Benefits
If you're an HR leader grappling with growing duties but not a growing team, consider re-evaluating a key ally—your broker. Join our webcast to learn about the 10 essential services your broker should offer to enhance your HR functions, allowing you to concentrate on core responsibilities. Find out how to transform your broker into a year-round support system that bolsters employee experiences, and learn to maximize this partnership to free up time and elevate your HR prowess.
 
 
 
When HR Goes Global
May 16, noon ET / 9 a.m. PT
Sponsor: Safeguard Global
Organizations are increasingly extending their reach beyond domestic markets, necessitating U.S.-centric HR professionals to adapt to international landscapes, whether through setting up foreign offices, hiring international employees or managing overseas contractors. This program, led by attorney Donald Dowling of Littler, will equip you with the necessary insights to develop a global HR perspective, addressing the legalities of international recruitment and the variance of employment policies and compensation laws. Additionally, it will guide you in formulating remote work protocols and the effective administration of expatriate staff and contractors, underscoring the pivotal role HR plays in a company's international expansion.
 
 
View the complete schedule of SHRM webcasts.
 
 
HR JOB OF THE DAY
 
Need to hire highly qualified HR candidates or looking to move your own HR career forward? SHRM HR Jobs can help you reach your goals by connecting top employers with premier HR professionals. Now more user-friendly and with new features, including the ability to filter candidates by SHRM credentials. Visit SHRM HR Jobs to learn more.
 
 
USEFUL LINKS
 
 
 
FEATURED WHITE PAPERS
 
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OFFERED BY: Giftpack
 
This white paper explores the obstacles businesses face in executing cost-effective gift-giving initiatives, including preparation, budgeting, delivery and coordination. The paper also provides solutions for overcoming these challenges and best practices for creating a successful corporate gifting program.
 
 
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OFFERED BY: ZayZoon
 
This guide will break down what open enrollment is all about, tips to adopt for a smooth process, and changes to open enrollment for 2024. Read our survival guide to learn the differences between the two types of enrollments, tips to effectively communicate with employees, best practices for a flawless season and much more.
 
 
 
Access more content and insights from SHRM's White Paper Library.
 
 

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