2020 DOL Final Overtime Rule: What Has Changed And How it Impacts You?
EVENT DATE:
PRESENTER(s): Janette Levey Frisch
This program has been approved HRCI Credit 1.5
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Conference Material (Password Required)It's finally happened! The long wait is over. The United States Department of Labor just released its new overtime exemption rules; they've been finalized and will take effect January 1, 2020. 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. In particular 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.
Join this webinar with employment and HR Attorney, Janette Levey Frisch, to get the most up-to-date information on the DOL’s Overtime Rules for 2020 and learn what has changed and how it will impact your organization. You’ll get practical strategies to assist your company once the DOL’s overtime exemption rule becomes final.
Session Highlights:
- New FLSA Overtime Rules 2020
- What has changed and how these changes will impact your organization
- Federal and state minimum wage review with most up-to-date changes
- How organizations will need to handle minimum wage for states with higher rates than federal
- Update on current legislative activity and what it means
- Federal overtime requirements 2020
- Classifying exempt vs. non-exempt
- Regular Rate of Pay: Why it’s important and how to calculate
- State overtime requirements
- DOL's revisions to the federal overtime rule, including the proposed new salary test
- How the proposed overtime rule is different, with regards to:
- White-collar exemptions
- Salary basis threshold
- And other important topics
- How the proposed rule will affect highly compensated employees
Who Will Benefit:
- Payroll managers
- HR managers
- Chief financial officers (CFOs)
- Accounting Professionals
- Tax Professionals
- Benefits Professionals
