DOL’s New Overtime Rule: Who’s Exempt & Who’s Not Now
Here we go again! Just two years after the last update, the feds are raising the overtime exemption salary threshold again. So how much is it going to cost you?
The new rates could have a big impact on how you classify your exempt employees, not to mention your compensation budget, by making more of your employees eligible for overtime.
In our information-packed, 60-minute event you will learn all you need to know about the new round of DOL updates on the minimum weekly standard salary level and the total annual compensation requirement for “highly compensated employees.” We will show you how to effectively navigate the new overtime rules to ensure legal compliance, and strategic steps you will want to take now to prepare. Join us to discover:
- DOL's new rules on FLSA overtime exemptions
- New salary thresholds and when they go into effect
- Exempt vs nonexempt: keys to classifying your employees
- Step to take now to prepare for the changes
- Important updates to forms and instructions
DOL's New Overtime Rules: Changes Employers Need to Know
- Federal regulation changes: what they are and when employers need to be ready
- Key impacts of the changes and strategies to prepare now
- New salary threshold for exempt & non-exempt employees
- Minimum salary amounts to be properly classified as Salaried Exempt
- Determining how many of your employees will now qualify for overtime
- Thresholds for retirement funding
Navigating Compliance Requirements & Best Practices
- Handling minimum wage for states with higher rates then federal.
- Regular Rate of Pay – why it is important and how to calculate
- State overtime requirements and how they factor in
- Additional DOL guidance to keep you complaint
About the Speaker
Dayna Reum is currently the Director of Payroll Operations at a major medical center in Chicago. Dayna has been heavily involved in the payroll field for over 20 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 Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures.
- Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll.
- Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee).
Join us to get a clear understanding of the DOL's updated rule on the salary threshold for paying overtime to employees, and what you can do to get ready for the changes. You will learn how to determine if your employees are exempt or non-exempt, including roles that are difficult to categorize.
If you'd like this program customized for your organization, call us at 1-800-964-6033. We're certain we can fulfill your training needs, while making it fit in your budget!
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This program has been approved for 1 (HR (General)) recertification credit hour toward aPHRTM, aPHRiTM, PHR®, PHRca®, SPHR®, GPHR®, PHRiTM and SPHRiTM recertification through the HR Certification Institute. Learn more at hrci.org