A severance agreement is essentially a contract between an employer and an employee that outlines the terms and responsibilities for both parties, as well as the potential compensation package that would come into play if an employee loses their job through a layoff or other situation. Typically, severance agreements cover wages, COBRA insurance extended coverage, […]
In August 2022, significant changes to Colorado’s non-compete and restrictive covenants became effective with the Restrictive Employments Agreement Act. In a nutshell, the new statute made it much more difficult for employers to enforce non-compete agreements unless a worker earns over a certain salary and has true access to trade secrets and could use those […]
The Colorado Protecting Opportunities and Workers’ Rights Act (POWR) was signed into law on June 6, 2023 and takes effect on August 7, 2023. The new law makes several important changes to employment and harassment laws by redefining the standard for harassment claims, tightening requirements on non-disclosure agreements, protects marital status and enacts new requirements […]
As of January 1, 2023, Colorado joined a growing list of states requiring employers to sponsor a qualified retirement savings plan or to participate in a state-sponsored program. Known as the Colorado SecureSavings Program, the law requires all private-sector employers with five or more employees to comply. The final deadline for compliance is June 30, […]
On August 10, 2022, Colorado House Bill 22-1317 amended the state’s existing non-compete law by tightening restrictions on employers and increasing potential penalties. Essentially, Colorado tightened up its prohibition on the use of non-compete and non-solicitation agreements, by more clearly and narrowly defining the exceptions and creating more liability for employers who violate the statute. […]
Every new year brings change to Colorado’s employment laws and rules, and 2023 has already brought exciting headlines for minimum wage earners and private employees. Below are four of the biggest 2023 employment law updates that employers need to know about: Minimum Wage Increase Beginning January 1, the state increased the hourly minimum wage by […]
The decision to fire an employee is not one you should arrive at haphazardly. Termination is an issue that affects every business sooner or later. In every case, it must be handled with the proper care and attention to mitigate the risk of a wrongful termination claim. Why Litigation Is Something to Avoid Winning a […]
Creating a policy around workplace harassment may not be high on an employer’s to-do list. There may be the temptation to cut and paste a policy from another employer and be done with it. However, this common shortcut can leave your business exposed to serious liability issues in the future. Instead, your harassment policy should […]
Both employers and employees have rights under federal and state laws. Sometimes additional rights are established within a contract when an employee is hired. Unfortunately, employment law disputes are common. Whether you run a small business with only a handful of employees or a large corporation, you don’t need to be in business for long to realize the risk. Here are three of the […]
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