The DOL just released final regulations for updated overtime exempt requirements. This could make thousands of US employees non-exempt for overtime purposes. The DOL has also instructed that these new rules will be effective from 12/1/2016.

Join payroll expert Dayna Reum to learn the details around these new rules and get best practices for how your organization can be ready for the changes, including what the changes mean for how employees are paid!

You also will learn about the state minimum wage legislative changes that will impact us, so act now to be in compliance with the new rules and changes.

Learning Objectives

New OT Rules

• The new federal OT rules:
  • Exempt vs. non-exempt
  • Overtime concerns
  • Regular Rate of Pay: why it is important - and how to calculate
• The new state overtime requirements:
  • State by State Review
• The practical impact the final rule has on the duties tests
• Tips for employers in various industries as they work through their white-collar exemption classifications under the administrative, professional, and executive exemptions
• The new salary basis and minimum salary threshold
• How cost of living adjustments to the salary threshold may moderate budgetary pressure and lower wage compression
• How bonuses will factor into the salary threshold amount
• The timeline for implementation

New Minimum Wage Rules

• An overview of changes to federal and state minimum wage laws
• How organizations should handle minimum wage for states with higher rates then federal

Who will Benefit:

• Payroll Professionals
• Human Resources
• CFO
• Accounting Personnel
• Business Owners