HumCap Blog

  • Overtime Law Alert: Stay Compliant with the DOL Minimum Annual Salary Increase

    As a business leader, staying compliant with labor laws is crucial and arguably the #1 employment liability. The Department of Labor (DOL) has announced a significant change to the minimum annual salary required to classify an employee as exempt from overtime laws, with the first stage of the increase taking effect on July 1, 2024.

  • The FTC’s New Ruling on Noncompete Agreements: Implications and Solutions for Your Business

    At HumCap, we understand the pivotal role that people play in the success of your organization. As experts in human capital management, we keep a close eye on regulatory changes that impact the workforce. Recently, the Federal Trade Commission (FTC) finalized a groundbreaking rule that bans noncompete agreements for most workers. This ruling marks a

  • Celebrating National Small Business Month: Essential HR Strategies for Growth

    As May unfolds, it’s not just the flowers that are blooming; it's also a time to celebrate Small Business Month! For many small business owners, growth is the ultimate goal, but with growth comes complexity, particularly in the realm of Human Resources Management. Keep reading as this blog dives into HR strategies you want to

  • Enhancing Employee Retention: Strategies for Reducing Turnover

    Employee turnover can pose a considerable challenge for organizations, affecting productivity, morale, and ultimately, the bottom line. High turnover rates disrupt operations and entail costs related to recruitment, training, and lost productivity. Therefore, fostering an environment that encourages employee retention is crucial for sustainable business growth. In this blog post, we explore effective strategies to

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