The Department of Labor’s New Overtime Salary Rules
|Speaker||:||Janette Levey Frisch|
|Date||:||31st July 2019|
|Time||:||10:00 AM PST | 01:00 PM EST|
Overtime and minimum wage have been a hot topic for the last several years, legislation almost went into in effect in 2017 but was stopped by several states coming forward with legal action. Now in March of 2019, the federal department of labor has released proposed legislation to update the salary threshold. In this web session, 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.
It’s finally happened! The long wait is over. The United States Department of Labor just released its new overtime exemption rules. 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 session, 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.
Why Should You Attend:
The intent of the proposed rules is to extend the FLSA’s overtime protections to millions of employees. The new salary level significantly increases the amount required to meet the salary test, that must be met before a job can be classified as overtime-exempt. As a result, many employers can expect these new rules will affect their long-standing practices and business models. Employers, before the rules become final need to review their current employee classifications and compensation practices to determine what changes they need to make, especially with those positions that are now exempt but will not be once the new rules take effect. Employers may need to consider making changes to compensation and/or job duties or reclassifying their employees from exempt to non-exempt. Reclassification also carries many issues with it, including without limitation, record and timekeeping issues, and training for managers and employees, proper calculation of overtime among many other concerns. With proper planning ahead of time, these issues are manageable.
Areas Covered in the Session:
- Practical steps to take in anticipation of the rule’s finalization
- The difference between the newly proposed DOL rule on overtime exemptions and the Obama-era proposal concerning white-Collar exemptions, salary basis and more
- How the proposed rule will affect highly compensated employees
- How often the DOL anticipates it will update the salary level
- How the DOL intends to handle the issue of automatic updates
- How bonuses will factor into the salary threshold for exemption
- Practical steps to either reduce the increase in overtime or to stay under the DOL’s radar
Who will Benefit:
- Payroll Professionals
- HR Professionals
- Compliance Officers
- Audit Staff
- Budget Personnel
- Compensation Analysts
Janette Levey Frisch is the founder of The EmpLAWyerologist Firm, has over 20 years of legal experience, more than 10 of which she has spent in Employment Law. It was during her tenure as sole in-house counsel for a mid-size staffing company headquartered in Central New Jersey, with operations all over the continental US, that she truly developed her passion for Employment Law.
Janette and The EmpLAWyerologist Firm operate under this core belief: It is possible, and it is in an employer's best interest, to proactively solve workforce challenges before they become problems before they result in lawsuits or steep fines caused by government audits.
Janette works with employers on most employment law issues, acting as the Employer's Legal Wellness Professional - to ensure that employers are in the best position possible to avoid litigation, audits, employee relations problems, and the attendant, often exorbitant costs. Janette authors the firm's weekly blog, where you can read each week, in plain English (not legalese) about issues impacting employers today. Janette has written articles on many different employment law issues for many publications, including EEO Insight, Staffing Industry Review, @Law, and Chief Legal Officer.
Janette has also spoken and trained on topics, such as Criminal Background Checks in the Hiring Process, Joint Employment, Severance Arrangements, Pre-Employment Screening among many, many others.