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, […]
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 […]
This website provides general information about Hackstaff, Snow, Atkinson & Griess, LLC and is not intended to constitute legal advice or create an attorney-client relationship.
Terms of Use | Disclaimer | Sitemap
©2024 Hackstaff, Snow, Atkinson & Griess, LLC | All Rights Reserved.