DESCRIPTION
New DOL rules go into effect beginning on Jan 1, 2020. Overtime and minimum wage has been a hot topic for the last several years, legislation almost went into in effect in 2017 but was stopped by several states coming forward with legal action. Now in September of 2019 the federal Department of Labor has released final legislation to update the salary threshold.
This webinar will give you the most up to date Overtime requirements and how it will affect employers along with a review legislative attempts in the past couple years. Best practices on how employers can be prepared to implement the new rules and make sure employers on compliant by Jan 1 of 2020.
Session Highlights:
- Federal and State Minimum wage review to include most up to date changes
- Discussion on how companies should handle minimum wage for states with higher rates then federal
- Current legislative activity and what it means to employers
- Details of federal regulation changes, what they are and when do we as employers need to be ready
- Impacts of changes to companies and best practices on how to handle them
- Review Federal Overtime Requirements
- Exempt vs. non-exempt
- Overtime Concerns
- Regular Rate of Pay why it is important and how to calculate
- State Overtime Requirements
- State Overtime Requirements
Who Will Benefit:
- Payroll Professionals
- Human Resource Managers
- Human Resource Director
- Accounting Professionals
- Accountant
- CPA
- Compensation Professionals
