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Ticket sales end soon
Thursday, May 30


NEW MINIMUM SALARY LEVELS FOR EXEMPT EMPLOYEES - ARE YOU READY?





SHRM Certified - Many organizations do not understand their responsibilities,
the DOL also allows different ways of computing overtime pay.

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By ComplianceFeed
79 followers
1k attendees hosted 📈
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DATE AND TIME

Thursday, May 30 · 7 - 8:30pm CEST


LOCATION

Online




REFUND POLICY

Contact the organizer to request a refund.
Eventbrite's fee is nonrefundable.



ABOUT THIS EVENT

 * 1 hour 30 minutes


NEW MINIMUM SALARY LEVELS FOR EXEMPT EMPLOYEES


ARE YOU READY?




TOPIC BACKGROUND:

THE DEPARTMENT OF LABOR RECENTLY RELEASED ITS LONG-AWAITED PROPOSAL ON APRIL 23,
2024 TO INCREASE THE MINIMUM SALARY TO QUALIFY FOR EXEMPT STATUS FROM $684 PER
WEEK TO $844 PER WEEK OR FROM $35,568 TO $43,888 ANNUALLY ON JULY 1, 2024 AND TO
$1,128 PER WEEK =$58,656/YEAR ON JANUARY 1, 2025. GET READY FOR THE UPCOMING
CHANGES. NOT BEING TOTALLY PREPARED FOR THE CHANGES CAN BE DEVASTATING TO YOUR
ORGANIZATION FROM BOTH A FINANCIAL AND EMPLOYEE RELATIONS STANDPOINT.

THE FAIR LABOR STANDARDS ACT (FLSA) IS ONE OF THE MOST MISUNDERSTOOD EMPLOYMENT
LAWS IN THE COUNTRY. BASICALLY, IT GOVERNS THE PAYMENT OF WAGES AND WHO MUST BE
PAID OVERTIME. TO MAKE THINGS MORE CONFUSING, THE DEPARTMENT OF LABOR HAS
IMPLEMENTED A NUMBER OF EXEMPTIONS TO THE REQUIREMENT TO PAY OVERTIME SUCH AS
THE WHITE-COLLAR EXEMPTIONS AND THE 7(I) EXEMPTION FOR RETAIL AND SERVICE
ESTABLISHMENTS. THE DOL ALSO ALLOWS DIFFERENT WAYS OF COMPUTING OVERTIME PAY.

ALASKA, CALIFORNIA, COLORADO, MAINE, NEW YORK AND WASHINGTON HAVE DEVELOPED
THEIR OWN RULES THAT ARE DIFFERENT FROM FEDERAL LAW. THIRTY-THREE STATES HAVE
IMPLEMENTED MINIMUM WAGES THAT ARE HIGHER THAN THE FEDERAL MINIMUM WAGE OF $7.25
PER HOUR. IN ADDITION, MANY MUNICIPALITIES HAVE THEIR OWN MINIMUM WAGE LAWS.

MANY ORGANIZATIONS DO NOT UNDERSTAND THEIR RESPONSIBILITIES WITH REGARD TO WHAT
TYPES OF POSITIONS QUALIFY AS WHITE-COLLAR EXEMPTIONS, HOW TO HANDLE
COMMISSIONS, SHIFT DIFFERENTIAL AND PRODUCTION BONUSES FOR HOURLY EMPLOYEES, AND
OTHER NUANCES OF COMPLYING SUCH AS HANDLING TRAINING AND TRAVEL TIME.

THE FLSA IS A FEDERAL LAW, BUT EMPLOYERS MUST KNOW THAT MANY STATES,
MUNICIPALITIES, AND ANY TYPE OF GOVERNMENTAL CONTRACT MAY HAVE THEIR OWN RULES
REGARDING MINIMUM WAGE AND OVERTIME.

MAINTAINING COMPLIANCE IS CRITICAL TO YOUR BUSINESS. FAILING TO DO SO CAN COST
HUNDREDS OF THOUSANDS OF DOLLARS.




WHY SHOULD YOU ATTEND:




AFTER GOING THROUGH THIS WEBINAR, PARTICIPANTS WILL KNOW:

 * Gain an understanding of the New Provisions of the Fair Labor Standards Act
   regarding exempt employees
 * Know the White-Collar Exemptions and how they are determined
 * Determining other exemptions and overtime calculations
 * Correctly calculating overtime pay for employees who receive commissions,
   production bonuses and shift differential
 * Know the minimum wage in areas in which your organization operates
 * When to pay for training, travel time, meal breaks or employees on-call
 * Get an update on various State Regulations




AREAS COVERED IN THE WEBINAR:




 * The Primary Provisions of the Federal Labor Standards Act
 * Tests to Determine if a Position Qualifies for a White Collar Exemption
 * Review of the Final Regulations Released by the Wage and Hour Division of the
   Department of Labor
 * Other Exemptions Your Organization May Want to Consider
 * Computing overtime pay for multiple pay rates
 * Treatment of Meal Breaks, Travel, Training and Time Spent On-Call.
 * Minimum Wage Requirements by State and Contract
 * Recordkeeping and Posting Requirements
 * What’s Going to Get You in Trouble?
 * Action Items




WHO WILL BENEFIT:




ALL ORGANIZATIONS IN THE UNITED STATES INVOLVED IN INTERSTATE COMMERCE ARE
COVERED BY THE FAIR LABOR STANDARDS ACT

HUMAN RESOURCES PROFESSIONALS, SMALL BUSINESS OWNERS, SUPERVISORS, MANAGERS

ANY AND ALL INDUSTRY ASSOCIATIONS, SMALL BUSINESS NETWORKS, CHAMBERS OF
COMMERCE, HUMAN RESOURCES ASSOCIATIONS SUCH AS SHRM, TRAINING ASSOCIATIONS,
HUMAN RESOURCES GROUPS, SMALL BUSINESS ASSOCIATIONS SUCH AS SMALL BUSINESS
DEVELOPMENT CENTERS, INDUSTRY ASSOCIATIONS – SUCH AS RESTAURANT ASSOCIATIONS,
HOSPITALITY GROUPS, TRADE ORGANIZATIONS.

About the Presenter: Bob McKenzie

BOB MCKENZIE HAS OVER 40 YEARS OF HUMAN RESOURCES MANAGEMENT EXPERIENCE. HIS
BACKGROUND INCLUDES A WIDE RANGE OF HANDS-ON HR PRACTICES INCLUDING IN ALL
ASPECTS OF HUMAN RESOURCES. AND IS A VARIETY OF INDUSTRIES IN WITH PRIVATE
SECTOR, PUBLIC SECTOR AND NONPROFIT EMPLOYERS.










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TAGS

 * Online Events
 * Things To Do Online
 * Online Classes
 * Online Business Classes
 * #hr
 * #compliance
 * #hrprofessionals
 * #employees
 * #shrm
 * #salary
 * #levels
 * #minimum
 * #exempt
 * #hr_training


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1k attendees hosted
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