It has been over ten years since the Department of Labor overhauled the Fair Labor Standards Act overtime regulations. Over two years ago, President Obama directed the Department of Labor to look at the exemptions and simplify them. President Obama opined that the required salary was “too low” and that the 2004 regulations were simply too difficult to interpret – as demonstrated by the increasing litigation over who met the managerial/executive exemption. The Department of Labor took almost two years to publish proposed regulations that did nothing more than to suggest that the minimum salary requirement should be raised to $50,440. The vagueness of the proposed regulations left employers in a limbo of how to budget for 2016.
The Department of Labor has also been slow about finalizing the regulation with the minimum salary set at $47,476 with automatic increases every three years. Job descriptions will have to be analyzed and revised. The new rules will also affect your 2017 budget and beyond. What do you need to do to come into compliance?
This webinar with expert speaker Susan Desmond, will give you the most up to date tools and information to understand current overtime regulations, exemptions, standards and practices.
Key Focus of the Conference:
Overview of new overtime exemption standards
Minimum salary requirements for white collar and highly compensated employees
Conducting internal audits
Suggested policies and procedures to avoid misclassifications
Analyzing and strategically addressing the financial impact of raising salaries vs. paying overtime to comply with the new minimum salary thresholds
Meeting the standards to include bonuses, incentive payments and commissions as factors in worker's salary level
Preparing for the 2020 automatic updates to the salary thresholds
Case examples of why President Obama demanded new regulations
Who Should Attend
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Susan Desmond
Susan Fahey Desmond is a principal with Jackson Lewis PC. She has been representing management in all areas of labor and employment law for over 30 years. A frequent author and speaker, Ms. Desmond is listed in Best Lawyers in America and has been named by Chambers USA as one of America’s leading business lawyers for labor and employment law. She is also listed in Mid-South Super Lawyers and Louisiana Super Lawyers.
This webinar has been approved for 1 HR (General) recertification credit hours toward California, GPHR, HRBP, HRMP, PHR, and SPHR recertification through the HR Certification Institute. “The use of this seal is not an endorsement by the HR Certification Institute of the quality of the activity. It means that this activity has met the HR Certification Institute’s criteria to be pre-approved for recertification credit.”