DOL Wage and Hour(Overtime) 2020 Regulations

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Live Webinar | CEU Approved

  • 90 minutes

Is Your Organization Ready for the New Wage & Overtime Regulations? Or Is It Time to Audit Your “Exempt” Employee Categories Before Minimum Salaries Jump 50%? Three years of rulemaking and federal court litigation during the Obama administration, and much bureaucratic dithering during both the past and current administrations, the U.S. Department of Labor has finally released its newly revised rules for exempt employees – those executives, administrators and professionals not covered by the minimum wage and overtime requirements of the Fair Labor Standards Act (FLSA)..

According to Final Rule Updates of September 24, 2019 – the minimum weekly salary will jump by 50%. In annual terms, it’s a bump up from $23,600 to $35,368. If your institution employs “exempt” personnel earning less than $35,000, then perhaps now’s the time to consider if they are more appropriately classified as hourly workers. Or if not, how to ensure they measure up to the federal and – the possibly more stringent – state standards.

Join us for this webinar with expert speaker Dr. Jim Castagnera, where he will discuss the New Wage & Hour(Overtime) Updates for All Employers. These regulations are already in force from January 1, 2020.

Session Highlights:

  • How to determine which of your employees meet one of the three exemptions and which do not

  • How to write job descriptions that capture the specific job duties that the DOL identifies as meeting one or more of the exemptions in the financial service industries

  • How to monitor your day-to-day workforce activities to ensure that “exempt” employees really are doing what their job descriptions claim they are

  • For those employees who can’t meet exemption standards and who must work long hours, running up over time, how you may be able to design such salary options as a “fluctuated workweek” plan, to get that OT under control

  • What’s happening to the annual minimum compensation level for so-called “highly compensated employees” in financial services

  • If bonuses and incentives can be used to cover the looming 50% salary boost

Who Should Attend:

  • CFOs

  • Payroll managers

  • HR professionals

  • Front-line and middle managers

  • Legal counsel

Why You Should Attend:

Bottom line: In promulgating the new regulations the DOL is wielding a two-edged sword. On its first swing (the looming regulations), you may find yourself paying higher salaries to misclassified employees AND then getting penalized for the misclassification when the blade swings back the other way in a Wage & Hour audit.

Advanced Preparation: None

Program Level: Intermediate

Prerequisites: None

Field of Study: Auditing

 *You may ask your Question directly to our expert during the Q&A session.

** You can buy On-Demand and view it as per your convenience.

Jim Ottavio Castagnera

Jim Ottavio Castagnera

Dr. Jim Castagnera, Esq. holds a JD and a PhD from Case Western Reserve University. He spent 10 years as a labor, employment and IP lawyer with the major Philadelphia law firm Saul Ewing, before entering higher education. For the past 22 years he has been legal counsel and associate provost at a central New Jersey university. He also is the principal consultant and co-owner of K&C HR Enterprises/Holland Media Services, which provides writing, educational and consulting services to its clients, primarily in business and employment law, higher education/non-profit law and policy, and enterprise risk management.

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This webinar has been approved for 1.5 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.

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