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DOL's Final Overtime Rule: Its Impact on Your Organization (HRM663A)

Presented By : Dayna J. Reum , CPP, FPC
(*) Single User Price. For multiple users please call 1-800-223-8720
On Demand Webinar
100 minutes
Event Description
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2.0 CPE
2.0 Credits
2.0 PDC - AudioSolutionz is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM

The Final Rule passed on May 18, 2016 focuses primarily on updating the minimum wage and compensation levels needed for Executive, Administrative and Professional workers to be exempt. Specifically, the Final Rule:

  1. Sets the standard salary level at the 40th percentile of earnings of full-time salaried workers in the lowest-wage Census Region, currently the South ($913 per week; $47,476 annually for a full-year worker);
  2. Sets the total annual compensation requirement for highly compensated employees (HCE) subject to a minimal duties test to the annual equivalent of the 90th percentile of full-time salaried workers nationally ($134,004); and
  3. Establishes a mechanism for automatically updating the salary and compensation levels every three years to maintain the levels at the above percentiles and to ensure that they continue to provide useful and effective tests for exemption.

Additionally, the Final FLSA Overtime Law amends the salary basis test to allow employers to use nondiscretionary bonuses and incentive payments (including commissions) to satisfy up to 10 percent of the new standard salary level.

Source DOL Website

As an employer it is critical to understand these minimum wage and overtime pay changes and how it will impact you, both from a cost and compliance perspective. This webinar with Dayna Reum will give a detailed review of both federal and state DOL minimum wage and FLSA overtime laws, and what impact these changes may have on employers.

Dayna will discuss how to balance state and federal laws, and what law to follow and when. She will discuss details about state and federal changes in both minimum wage and overtime pay, its impact on employers. You'll also know how to prepare for these changes.

Session Highlights:

  • Federal and State Minimum Wage Requirements
  • State wage and hour-minimum wage
  • Federal Overtime Requirements and updated overtime legislation
    • Exempt vs. non-exempt
    • Overtime Concerns
    • Regular Rate of Pay
  • Federal and State Overtime Requirements and concerns
    • State by State Review
  • Pending Federal Changes and Potential Impacts
  • Proposed highly comp threshold vs final regulations
  • Non-discretionary bonuses as a part of the salary threshold
  • Additional DOL guidance
  • The OT requirements of the state
  • Q&A session

Who should attend?

Payroll and HR professionals

About Our Speaker(s)

Dayna J. Reum, Human Resources Training ExpertDayna J. Reum CPP, FPC
Dayna is currently the Payroll Tax Manager at PetSmart Inc. Dayna has been heavily involved in the payroll field over 15 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Pay... More info

 
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    Subject: You might be interested in this event from AudioSolutionz
    Event Title: DOL's Final Overtime Rule: Its Impact on Your Organization
    Presenter(s): Dayna J. Reum , CPP, FPC

 
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