The Final Rule passed on May 18, 2016 and it focuses primarily on updating the salary and compensation levels needed for Executive, Administrative and Professional workers to be exempt. Specifically, the Final Rule:
Sets the standard salary level at the 40th percentile of earnings of full-time salaried workers in the lowest-wage Census Region, currently the South ($913 per week; $47,476 annually for a full-year worker)
Sets the total annual compensation requirement for highly compensated employees (HCE) subject to a minimal duties test to the annual equivalent of the 90th percentile of full-time salaried workers nationally ($134,004)
Establishes a mechanism for automatically updating the salary and compensation levels every three years to maintain the levels at the above percentiles and to ensure that they continue to provide useful and effective tests for exemption.
Additionally, the Final Rule amends the salary basis test to allow employers to use non-discretionary bonuses and incentive payments (including commissions) to satisfy up to 10 percent of the new standard salary level. Source: DOL Website
Learning benefits for the Audience
Culture, Expense, Scheduling, Employee morale, Documentation and Recordkeeping.
Current compensation practices
Organizational structures and culture
Best practices for seamless transitions
Who Should Attend this Conference
HR & Payroll Professionals.
Any and all business must comply with the FLSA and are at risk
Somer Jefferiss is a Certified Professional in Human Resources (PHR) through HRCI and practices law in the State of New Jersey and the 3rd Circuit District Court. Somer directs clients in HRIS, TLM and Payroll software configurations, combining her knowledge of federal and local regulations with software expertise. She advises and counsels management through all aspects of labor and employment law. She works as Counsel and Director of Compliance for Datamatics Management Services Inc. She works closely with company executives, HR professionals and labor management specialists to resolve legal and business issues employers face.
Somer assists employers in policy and process creation and leads management and employee trainings. With a specific focus on wage and hour law, Somer works with clients in various industries on drafting and implementing company policies and procedures for continued compliance. She frequently participates in and hosts training sessions and seminars throughout the country.
Somer earned her Economics degree from the University of Colorado at Boulder and her Juris Doctorate from Willamette University College of Law.
This webinar has been approved for 1.0 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.