DOLs New Overtime Salary Rules

• OVERVIEW

Overtime and minimum wage has been a hot topic for the last several years, legislation almost went into in effect in 2017 but was stopped by several states coming forward with legal action. Now in March of 2019, the federal department of labor has released proposed legislation to update the salary threshold. In this webinar we will discuss which jobs and which employers are likely to be impacted and what to do now in order to comply with the Fair Labor Standards Act.

• LEARNING OBJECTIVES

• Understand which positions are targeted by the new rules
• Understand the difference between exempt v non-exempt positions
• Understand how reclassification may affect employees formerly classified as exempt
• Recognize the proposed changes and their potential impact

• WHY SHOULD YOU ATTEND

It's finally happened! The long wait is over. The United States Department of Labor just released its new overtime exemption rules. For many employers that means that many of the positions it had previously classified as exempt from overtime requirements will not be any longer - unless these employees receive a salary increase equal to or greater than the new salary threshold. The new salary rules are expected to impact at least a million workers nationwide, and to result in a significant increase in the number of employees who will be eligible for overtime pay. In this webinar we will discuss the new rules.

• AREAS COVERED

Key areas we will cover include without limitation:

• Practical steps to take in anticipation of the rule's finalization
• The difference between the newly proposed DOL rule on overtime exemptions and the Obama-era proposal concerning white- Collar exemptions, salary basis and more
• How the proposed rule will affect highly compensated employees
• How often the DOL anticipates it will update the salary level
• How the DOL intends to handle the issue of automatic updates
• How bonuses will factor into the salary threshold for exemption
• Practical steps to either reduce the increase in overtime or to stay under the DOL's radar

• WHO WILL BENEFIT?

• Payroll Professionals
• HR professionals
• Managers
• Compliance officers
• Audit staff
• Budget personnel's
• Attorneys
• Controllers
• Compensation Analysts