The United States Department of Labor released its new overtime exemption rules, and they went into effect on 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.

Why Should You Attend:

Wage and hour laws, including the new overtime rules are not on hold during the COVID-19 pandemic. Employers found in violation of wage and hour laws can end up owing their employees, back wages, liquidated damages in the same amount, plus the employees’ attorney fees—not to mention their own legal fees. In a class action lawsuit, the amount increases exponentially. Proper understanding of the new overtime rules will go a long way toward greatly reducing these risks.

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.

Areas Covered in the Webinar:

• Practical steps to take now;
• The difference between the new 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
• Managers
• Compliance officers
• Audit staff
• Budget personnel's
• Attorneys
• Controllers