New Department of Labor’s Overtime Rule - Changes to Exempt Salaried Status


 Available : All Days  Presented By : Wendy Sellers
 Category : Human Resources  Event Type : Recorded Webinar

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Recording $169
Transcript $169
DVD $179
Flash Drive $189
Recording & Transcript $329

Description

The Fair Labor Standards Act (FLSA) already presents intricate challenges, and now, the Department of Labor has released a crucial update to its overtime regulations effective June 2024. This update includes an increase in the minimum annual salary to $43,888, followed by another hike to $58,656 on January 1, 2025. This webinar is essential for employers to understand and implement the necessary changes to remain compliant with these new rules. We will cover key adjustments affecting employee classifications, focusing on the new salary thresholds and the impact of transitioning employees from exempt to non-exempt statuses—an adjustment that could drastically increase your overtime liabilities.

Why Should You Attend?

  • Stay Ahead of Regulatory Changes: Understand how these significant updates could impact your payroll and legal costs.
  • Effective Compliance Review: Equip yourself with the knowledge to conduct an FLSA compliance review efficiently.
  • Safeguard Your Organization: Learn the consequences of non-compliance and how to protect your business.
  • Navigate with Confidence: Join us to confidently navigate these critical updates and ensure your practices align with the new legal requirements.

Who will Benefit?

  • Detailed Breakdown of the Changes: A comprehensive analysis of the FLSA exemption and overtime updates, including the June 2024 and January 2025 salary thresholds.
  • New Criteria for Exempt Status: Insights into the adjustments in the Duties Test and Salary Level Test.
  • Strategies for Reclassifying Employees: Practical approaches for reclassifying employees in light of the new rules, with a focus on "white-collar" exemptions.
  • Changes for Highly Compensated Employees: Examination of the specific adjustments for Highly Compensated Employees under the revised regulations.
  • Best Practices for Compliance: Ensuring your employees are correctly classified to comply with the 2024 FLSA overtime regulations.

Presented By : Wendy Sellers

Wendy Sellers, MHR, MHA, SHRM-SCP, SPHR has 25 years’ experience in HR, change management, operations, strategy, corporate culture and leadership development in all size business (local startup to global enterprise) in a wide variety of industries including healthcare, professional services, higher education, federal contractors, manufacturing, construction, engineering, public safety, non-profit and government agencies (to name a few).

When Wendy says “Suck It Up, Buttercup”, this means you are about to hear all the facts, proposed solutions and possible consequences of your actions or inaction. Yes, this information may be painful to hear but in order to do the right thing we must look at every angle together. There is never a hidden agenda. Her focus is your bottom line.

The needs of business today have changed. Wendy will be an involved business partner who understands your current culture and builds HR policy, employee training and management workshops around your unique environment and goals.

As your realistic, witty and energetic consultant, trainer or event speaker, Wendy is authentic and transparent - above all, she keeps it real. She is honest, loyal and direct - there is never any sugar coating! Wendy gets the point across to all audience members.

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