Margie Faulk is a senior-level human resources professional with over 15 years of workplace compliance experience and HR...
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This session is approved for 1.5HRCI and 1.5 SHRM CEU Credits
Date of Release and Key Changes:
On April 23, 2024, the U.S. Department of Labor issued a final rule that significantly revises the salary thresholds for overtime exemptions under the Fair Labor Standards Act (FLSA). This adjustment primarily affects "white collar" workers, including executives, professionals, and administrative personnel.
The revision will be implemented in two phases:
The standard minimum salary level will increase to $844 per week starting July 1, 2024.
Automatic Updates and Regional Considerations:
The rule introduces three critical changes:
Notably, the Department of Labor has decided against extending the standard salary level adjustments to U.S. territories subject to the federal minimum wage and will not update special salary levels for American Samoa and the motion picture industry.
Anticipated Challenges and Strategic Employer Responses:
Legal experts anticipate potential challenges to the new rule. Nevertheless, it is crucial for employers to proactively adapt rather than delay action pending litigation outcomes. The last update to overtime regulations led to several organizational challenges, including:
Preparation and Best Practices:
Employers are encouraged to:
This webinar will guide employers through understanding these changes, anticipating the impacts, and effectively navigating the compliance landscape.
What you will learn?
Why you should attend?
Navigating the new Department of Labor (DOL) regulations can be daunting. This webinar demystifies the recent adjustments to the salary thresholds for overtime exemptions, giving you a clear understanding of how these changes affect your organization. You'll gain insights into the rationale behind the incremental increases and what they mean for future compliance.
We will delve into the two-phased approach used by the DOL and discuss the concerns surrounding the automatic updates to the salary thresholds. Understanding these elements is crucial for developing effective organizational strategies and communication plans to mitigate confusion and ensure a smooth transition for all employees affected.
Additionally, this session will explore the broader implications of these changes on state salary thresholds, providing you with a comprehensive view of how federal adjustments influence local compliance requirements. Join us to ensure that your business remains informed, compliant, and prepared for the future.
Who should Attend
$999
Unlimited live sessions
THE SUBSCRIPTION IS VALID FOR A YEAR
$499
Unlimited live sessions
THE SUBSCRIPTION IS VALID FOR 6 MONTHS
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