Seminar and Workshop: FLSA Changes to the Overtime Rule Regulation
2016-06-29 12:30 - 15:00 UTC | Ivy Tech Community College 3714 Franklin Street, Room 238 Michigan City, IN 46360
Major changes are coming. An estimated 4 million+ workers will be effected in the first year alone. Are you prepared? Do you have a plan of action for your organization? The Northern Indiana Human Resource Management Association is bringing a FREE Seminar and Workshop to it's members ($5 for non members). Attorney Sean J. Quinn of Ladue, Curan & Kuehn will present the details of the new regulation as well as practical guidelines to formulate your plans of action. Any HR professional or business leader is invited to join us. On May 18, 2016, President Obama and Secretary Perez announced the publication of the Department of Labor's final rule updating the overtime regulations, which will automatically extend overtime pay protections to over 4 million workers within the first year of implementation. Key Provisions of the Final Rule The Final Rule focuses primarily on updating the salary and compensation levels needed for Executive, Administrative and Professional workers to be exempt. Specifically, the Final Rule: 1. Sets the standard salary level at $913 per week; $47,476 annually for a full-year worker; 2. Sets the total annual compensation requirement for highly compensated employees (HCE) subject to a minimal duties test to the annual equivalent of $134,004; and 3. Establishes a mechanism for automatically updating the salary and compensation levels every three years. The effective date of the final rule is December 1, 2016. --------------------------- Join us to learn what you need to do to create a plan, or to ensure that your existing plan will comply with the new regulation.
