21 min
What new rules on overtime and non-competes mean for agencies Agency Leadership Podcast
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- Marketing
Chip and Gini discuss recent updates from the federal government affecting agency owners, including a ban on non-compete agreements and changes to salary thresholds for overtime exempt employees.
It emphasizes the importance of compliance, working with professional advisors, and making necessary adjustments to HR policies.
Key takeaways
* Gini Dietrich: “You can be a good business owner and a good human being without saying, I don’t want you working for anybody that would compete with us in any shape or fashion within a certain mile radius.”
* Chip Griffin: “Every agency should be working with an HR advisor of some kind.”
* Gini Dietrich: “There’s all sorts of opportunity here for you to look at and say, maybe this is the time for us to shift how we do our work so that we can comply to the new rules, but also build a better workplace for everybody.”
* Chip Griffin: “You need to price to pay for talent. And again, like most things, a lot of the agencies’ problems that I see come back to pricing and communication.”
Related
* How the FTC’s ban on non-competes impacts PR and marketing agencies
* How should agencies prepare for new overtime rules?
* How to think about HR risks in your agency
* Chaos is not a virtue for agencies
View Transcript
The following is a computer-generated transcript. Please listen to the audio to confirm accuracy.
Chip Griffin: Hello, and welcome to another episode of the Agency Leadership Podcast. I’m Chip Griffin
Gini Dietrich: and I’m Gini Dietrich.
Chip Griffin: Gini, it seems like the federal government here in the US has been very busy giving us to talk about and focus on in the agency community over the last week or so, as we record this. And so we’ve got some updates that…
it’s a little on the drier side for everybody. You know, anytime you get to talk about federal regulations, I know everybody just gets really excited on the other end. It’s like, Oh yes, an episode on regulatory compliance, but it is important and it does, both of these things will affect, I would venture to say just about every listener to this podcast.
So it is worth spending some time listening to us and then thinking about what you need to do for your own agency going forward.
Gini Dietrich: Well, I will give full credit to you because last week you sent me an email about the non competes And said this would probably be a good topic and you wrote a great blog post on SAGA about it.
And then a couple of days later you sent me the, overtime same thing. And I was like, oh, thank you. I feel very well educated now. So thanks for doing all my work.
Chip Griffin: That is my role is to provide you with the research that you need.
Chip and Gini discuss recent updates from the federal government affecting agency owners, including a ban on non-compete agreements and changes to salary thresholds for overtime exempt employees.
It emphasizes the importance of compliance, working with professional advisors, and making necessary adjustments to HR policies.
Key takeaways
* Gini Dietrich: “You can be a good business owner and a good human being without saying, I don’t want you working for anybody that would compete with us in any shape or fashion within a certain mile radius.”
* Chip Griffin: “Every agency should be working with an HR advisor of some kind.”
* Gini Dietrich: “There’s all sorts of opportunity here for you to look at and say, maybe this is the time for us to shift how we do our work so that we can comply to the new rules, but also build a better workplace for everybody.”
* Chip Griffin: “You need to price to pay for talent. And again, like most things, a lot of the agencies’ problems that I see come back to pricing and communication.”
Related
* How the FTC’s ban on non-competes impacts PR and marketing agencies
* How should agencies prepare for new overtime rules?
* How to think about HR risks in your agency
* Chaos is not a virtue for agencies
View Transcript
The following is a computer-generated transcript. Please listen to the audio to confirm accuracy.
Chip Griffin: Hello, and welcome to another episode of the Agency Leadership Podcast. I’m Chip Griffin
Gini Dietrich: and I’m Gini Dietrich.
Chip Griffin: Gini, it seems like the federal government here in the US has been very busy giving us to talk about and focus on in the agency community over the last week or so, as we record this. And so we’ve got some updates that…
it’s a little on the drier side for everybody. You know, anytime you get to talk about federal regulations, I know everybody just gets really excited on the other end. It’s like, Oh yes, an episode on regulatory compliance, but it is important and it does, both of these things will affect, I would venture to say just about every listener to this podcast.
So it is worth spending some time listening to us and then thinking about what you need to do for your own agency going forward.
Gini Dietrich: Well, I will give full credit to you because last week you sent me an email about the non competes And said this would probably be a good topic and you wrote a great blog post on SAGA about it.
And then a couple of days later you sent me the, overtime same thing. And I was like, oh, thank you. I feel very well educated now. So thanks for doing all my work.
Chip Griffin: That is my role is to provide you with the research that you need.
21 min