2020 - DOL's Final Overtime Exemption Rule Released for 2020: What the Changes Mean for Your Organization

OVERVIEW
It’s finally happened! The long wait is over. The United States Department of Labor just released its new overtime exemption rules, they’ve been finalized 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.
LEARNING OBJECTIVES
Understand which positions are targeted by the new rules
Understand the difference between exempt v non-exempt positions
Understand how reclassification may affect employees formerly classified as exempt
Recognize the proposed changes and their potential impact
WHY SHOULD YOU ATTEND
Penalties for non-compliance with the FLSA's overtime rules can be severe. Non-compliant employers can face a DOL audit, a lawsuit or even an administrative charge.
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 Labour Standards Act.
AREAS COVERED
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
SPEAKER
Janette Levey Frisch, the founder of The EmpLAWyerologist Firm, has over 20 years of legal experience, more than 10 years 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 U.S., 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.
For more detail please click on this below link:
http://bit.ly/31JGBZz
Email: support-AT-247compliance.com
Tel: +1-(510)-868-1040