The Department of Labor has made its first significant revisions to the FLSA in three decades. These rules affect the minimum salary requirements necessary to consider certain workers exempt from overtime pay.
On May 18, 2016, President Obama and Secretary Perez announced the publication of the Department of Labor’s final rule updating the overtime regulations, which will automatically extend overtime pay protections to over 4 million workers within the first year of implementation. President instructed the Department to look for ways to modernize and simplify the existing FLSA regulations while ensuring that the FLSA’s intended overtime protections are fully implemented.
The ruling takes effect on 12-1-2016. Now is the time to make sure you understand the changes in the law, and how it affects your company.
Areas Covered in the Session :
- The new rules on “White Collar” exemptions, as well as revisions on professional and other exemptions.
- The revised minimum salary requirements, as well as job duty requirements
- How to calculate overtime
- Rules for private companies, non-profits and more.
Who Will Benefit:
- Payroll Department
- Accounting Department
- HR Department
- Small to Medium Sized Business Owners
- Payroll Apprentices
- Start up Entrepreneurs
- Compensation Practitioners