If your company imposes noncompetition agreements on your employees, take heed. Many states, the most recent of which is Oregon, impose a minimum wage requirement on employers seeking to bind employees to a noncompete. Oregon’s new law establishes a salary threshold prohibiting noncompetes with employees earning less than $100,533.00 annually. Illinois’ Freedom to Work Act outlaws noncompetes with low wage employees, which the law defines as individuals earning less than $13.00 per hour. Washington states’ own salary threshold for noncompete agreements is $100,000.00 per year. As noncompete agreements continue to lose favor in many states, ensure that your agreements are legally compliant and have the myHRcounsel legal team review yours today!
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