The Department of Labor's final overtime exemption rule took effect on January 1, 2020. Under it, many positions employers had treated as exempt from overtime lose that status unless the employee's salary meets or exceeds the new salary threshold, which increases the number of employees eligible for overtime pay.
This 75-minute webinar explains which jobs and employers the rule targets, how it differs from the earlier Obama-era proposal on white-collar exemptions and the salary basis, and how it treats highly compensated employees. You'll learn how bonuses count toward the salary threshold, how often the DOL expects to update the salary level, how it handles automatic updates, and how reclassification may affect employees who were exempt.
WHY SHOULD YOU ATTEND?
Penalties for breaking the FLSA's overtime rules can be severe, and non-compliant employers may face a DOL audit, a lawsuit or an administrative charge. This session gives you practical steps to comply, limit increases in overtime costs and avoid drawing DOL attention.
It suits payroll and HR professionals, managers, compliance officers, audit and budget staff, attorneys and controllers.
AREA COVERED
- Practical steps to take now
- How the final DOL rule differs from the Obama-era proposal on white-collar exemptions, salary basis and more
- How the rule affects highly compensated employees
- How often the DOL expects to update the salary level
- How the DOL plans to handle automatic updates
- How bonuses count toward the salary threshold
- Practical ways to limit the increase in overtime and stay off the DOL's radar
LEARNING OBJECTIVES
- Identify which positions the rule targets
- Explain the difference between exempt and non-exempt positions
- Assess how reclassification may affect employees formerly classified as exempt
- Recognize the changes and their potential impact on your organization
- Apply practical steps to comply and manage overtime costs
WHO WILL BENEFIT?
- Payroll Professionals
- HR Professionals
- Managers
- Compliance Officers
- Audit Staff
- Budget Personnels
- Attorneys
- Controllers
Penalties for breaking the FLSA's overtime rules can be severe, and non-compliant employers may face a DOL audit, a lawsuit or an administrative charge. This session gives you practical steps to comply, limit increases in overtime costs and avoid drawing DOL attention.
It suits payroll and HR professionals, managers, compliance officers, audit and budget staff, attorneys and controllers.
- Practical steps to take now
- How the final DOL rule differs from the Obama-era proposal on white-collar exemptions, salary basis and more
- How the rule affects highly compensated employees
- How often the DOL expects to update the salary level
- How the DOL plans to handle automatic updates
- How bonuses count toward the salary threshold
- Practical ways to limit the increase in overtime and stay off the DOL's radar
- Identify which positions the rule targets
- Explain the difference between exempt and non-exempt positions
- Assess how reclassification may affect employees formerly classified as exempt
- Recognize the changes and their potential impact on your organization
- Apply practical steps to comply and manage overtime costs
- Payroll Professionals
- HR Professionals
- Managers
- Compliance Officers
- Audit Staff
- Budget Personnels
- Attorneys
- Controllers