What it does: Increases the state minimum wage to $16.90/hour, which in turn lifts the exempt salary threshold (twice minimum wage) to $70,304/year for most executive, administrative and professional exemptions. Industry benchmarks also update: The computer software professional exemption rate rises to $58.85/hour (or $122,573.13/year) and the licensed physician/surgeon rate to $107.17/hour. Local ordinances with higher rates prevail in their jurisdictions.
Who is affected: All California employers and employees, especially those near exemption thresholds and in jurisdictions with higher local minimum wages.
Action: Reaudit exempt classifications, adjust payroll and update offer letters to ensure exempt salaries meet or exceed the new floor.
What it does: Generally, voids employment agreements that require workers to repay amounts (e.g., sign-on bonuses, relocation payments, training costs) upon separation, treating such provisions as unlawful restraints on trade. Creates a narrow safe harbor for discretionary, up‑front payments (e.g., sign‑on/retention bonuses) if strict conditions are met: separate agreement; five business days to consult an attorney; two‑year retention term; interest‑free, prorated repayment; option to defer payment until the end of the retention term; and repayment triggered only by...
Senior figures in Israel’s defense industry expressed anger in conversations with Calcalist over what they described as attempts by Israeli officials to justify the postponement of a U.S. attack o...