Senior Housing News June 14, 2024
New federal rules are banning non-compete agreements and grant overtime pay protection to workers who previously lacked it. One rule will likely have more of an impact than the other.
In April, the Federal Trade Commission (FTC) issued a final ruling to ban noncompetes. In the same month, the U.S. Department of Labor announced a move to grant more workers overtime protections under the Fair Labor Standards Act’s (FLSA).
Although both moves could substantially alter how some employers operate, legal experts and operators told Senior Housing News it’s the overtime rule that could lead to companies having to shift their footing.
That said, leaders of operating companies including Lee Cory, founder of Portland, Oregon-based Paradigm Senior Living, believe that they...
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