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:
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.
Who should attend?
Payroll and HR professionals
Dayna 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