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

The salary-threshold level will increase on July 1 and again on Jan. 1, 2025.

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SHRM's HR Daily April 24, 2024       You’re just getting started. Access compliance alerts, tools and more. JOIN NOW     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.     Johnny C. Taylor, Jr. President and CEO, SHRM   Alan Whitaker Head of AI at BambooHR   Anita Grantham Head of HR at BambooHR     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.   Advertisement     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     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.   Advertisement     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! Get your free HR Software matches     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.   Advertisement     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. Director of Human Resources - Port of Corpus Christi Authority - Corpus Christi, Texas (Onsite)     USEFUL LINKS   Join us at the SHRM Annual Conference & Expo 2024, June 23-26 in Chicago. Emmy Award-winning talk show host Sherri Shepherd is among the Main Stage speakers. Register today. SHRM INCLUSION 2024: Registration is now open. Join us Nov. 4-7 in the Denver metro area or virtually. ​Is your SHRM membership getting ready to expire? Renew today to stay at the forefront of HR.     FEATURED WHITE PAPERS   Scaling Up Corporate Gifting Program   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.   READ MORE   The Open Enrollment Survival Guide   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.   READ MORE     Access more content and insights from SHRM's White Paper Library.       Connect with us on social!              1800 Duke Street, Alexandria, Virginia 22314 USA Contact Us | shrm.org This email was sent to manojdole1.Architectural@blogger.com. This email may contain advertisements. Unsubscribe or Change Email Preferences | Terms of Use | Privacy Policy © 2024 SHRM. All rights reserved.