Kellen Scott

Tempe

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Articles

Treasury and Finance Pros' Salaries Increase Modestly in Challenging Economic Environment

Aug 22, 2024 | treasuryandrisk.com | Mariam Lamech |Kristen Beckman |Kellen Scott |Alan Goforth

On average, finance professionals saw a 4.4 percent increase in their base salaries in 2023, according to results from the "2024 AFP Compensation and Benefits Survey Report." This is lower than the average 2022 increase of 5 percent, but it is similar to the average pay increase for finance professionals in 2021 (4.3%). The talent shortage and Great Resignation drove companies to offer higher salaries in 2022, for both recruitment and retainment purposes.
Gender Pay Gap Expected to Persist for 25 More Years

Aug 20, 2024 | treasuryandrisk.com | Kristen Beckman |Kellen Scott |Alan Goforth |Jasmine Escalera

Despite years of efforts to close the gender pay gap, women continue to earn 15 percent less, on average, than men and aren't expected to achieve equal pay for another quarter century. This disparity adds up to millions of dollars of lost financial benefits for women, according to an analysis by advisory firm Josh Bersin Company, which examined real-world pay policies at 113 U.S. organizations.
Average Cost of Data Breach Climbed to Record $4.45 Million Last Year

Aug 6, 2024 | treasuryandrisk.com | Alan Goforth |Kellen Scott |Tom Gresham

UnitedHealth Group now estimates that the cyberattack on its Change Healthcare business unit earlier this year will cost the company between $2.3 billion and $2.45 billion. The damage to its reputation and the economic fallout to its clients may be incalculable. The company is not alone, as the cost of data breaches has reached record levels.
The FTC's Noncompete Rule Is in Serious Jeopardy

Jul 22, 2024 | treasuryandrisk.com | Kellen Scott |Alan Goforth |Jasmine Escalera |Mallory Barg Bulman

A Texas federal district court recently concluded that the Federal Trade Commission (FTC) lacks the requisite statutory authority from Congress to enact a controversial rule that would prevent employers from entering into noncompete clauses and, beyond that, bar them from enforcing most existing noncompete clauses. The FTC's Noncompete Clause Rule is scheduled to take effect on September 4.
The FTC Noncompete Rule Is in Serious Jeopardy

Jul 16, 2024 | law.com | Kellen Scott

A Texas federal district court recently concluded that the Federal Trade Commission lacks the requisite statutory authority from Congress to enact a controversial rule that would prevent employers from entering into noncompetition clauses and, beyond that, bar them from enforcing most existing noncompetition clauses. The FTC’s Noncompete Clause rule (the rule) is scheduled to take effect on Sept. 4, 2024.
Comprehensive FAQ on FTC Non-Compete Ban

Apr 30, 2024 | chamberlainlaw.com | Kellen Scott

Last week, the Federal Trade Commission approved its issuance of a rule that outlaws nearly all non-compete clauses because, its majority believes, they are unfair methods of competition. The Non-Compete Clause Rule is a product of a 2021 Executive Order that instructed the FTC to exercise its rulemaking authority to curtail unfair use of non-compete clauses and a January 2023 proposed rule that drew more than 26,000 public comments.
Federal Trade Commission Bans Nearly All Non-Compete Clauses for Workers

Apr 24, 2024 | chamberlainlaw.com | Kellen Scott

In January of 2023, the Federal Trade Commission issued a notice of proposed rulemaking that planned to ban non-compete clauses for workers, as the majority of the Commissioners contended that non-compete clauses are unfair methods of competition. The FTC received more than 26,000 public comments to the proposed rule. Today, in a 3-2 vote by the FTC’s Commissioners, the FTC authorized publication of the Non-Compete Clause Rule.