This program has been approved for 1.5 PDCs toward SHRM certification hours.
The program is pre-approved for 1.5 credit hour under HRCI
DESCRIPTION
The U.S. Department of Labor has announced its final rule modifying the FLSA’s overtime exemptions for executive, administrative, and professional employees. The final rule significantly raises the minimum salary to qualify for exemption, with initial increases to take effect on July 1, 2024. The rule also calls for automatic, formulaic increases to the salary threshold every three years.
The new rule commands attention from virtually all employers. It is critical for employers to understand the nuances and ramifications of this rule.
Learning Objectives:
- An overview of the changes in the final rule,
- Best practices for assessing and executing reclassification decisions,
- Common compliance hurdles and strategies to overcome them,
- Broader implications of the rule change for employers and the workplace; and
- Anticipated challenges the new rule is likely to face in court, as well as the potential impact of the November election.
Topics Covered:
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 by State Review
- Details of federal regulation changes what are they and when we as employers need to be ready
Other Benefit Points:
- Impacts of changes to companies and best practices on how to handle them
- Current accounting issues
- Current audit issues
- Current compilation and review issues
- Other issues affecting the profession
Who Should Attend
- HR Professionals
- HR Directors
- Managers
- In-House Counsel
- Attorneys
- Business Owners
- Accountant/Accounting Professionals
