2020 - DOL’s New Overtime Rules Explained: How the Changes Impact Your Organization in 2020 and Beyond

OVERVIEW
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 2020 federal labor law changes 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 webinar we will discuss the new overtime rules, 2020. 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
Wage and hour laws, including the new overtime law for salaried employees, 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 Department of Labor’s overtime rule, 2020, will go a long way toward greatly reducing these risks.
AREAS COVERED
• Practical steps to take now
• The difference between the new DOL final overtime rule 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
LEARNING OBJECTIVES
Know about the 2020 federal labor law changes and how they apply to your employees. The webinar discusses the updated regulations and their application in the COVID-19 era, including the wage and hour laws, FLSA salary threshold, 2020, new overtime law for salaried employees and more.
WHO WILL BENEFIT
• Payroll Professionals
• HR Professionals
• Managers
• Compliance Officers
• Audit Staff
• Budget Personnel's
• Attorneys
• Controllers
SPEAKER
Janette Levey Frisch, founder of The EmpLAWyerologist Firm, is an employment/HR attorney with over 20 years of legal experience. Ms. Frisch is a legal wellness professional for employment practices and workforce challenges. She works with employers to craft solid employment practices wellness plans tailored to address an organization’s needs and concerns. As a consultant, she offers legal services on virtually all federal and NJ and NY state employment law issues.
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