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New Department of Labor (DOL) Overtime Regulations effective in 2020. Is your Company Ready!
- What is the proposed overtime ruling
- How is it different from the previous overtime regulations
- Why is the DOL asking for feedback by Employers
- Why are Employers opposed to the Overtime Ruling
- What companies are impacted by the changes
- How are Non-Exempt employees impacted by the change
- When is the Overtime Ruling effective
- Is the new ruling expected to change the DOL definitions
- What does the DOL New Ruling change the Highly compensated employees
- What changes do Employers need to prepare before the new ruling is effective
- How can Employers communicate the changes to employees
- What financial impact will Employers have when changes are made
- Penalties and Fines if ruling is violated
Overview of the webinar
On March 7, 2019 the Department of Labor announced a proposed rule that would make more than a million more American workers eligible for overtime. Under currently enforced law, employees with a salary below $455 per week ($23,660 annually) must be paid overtime if they work more than 40 hours per week. This regulation will be effective in 2020.
This proposal would boost the proposed standard salary level to $679 per week (equivalent to $35,308 per year). Above this salary level, eligibility for overtime varies based on job duties.
Changes Include
- The proposal increases the minimum salary required for an employee to qualify for exemption from the currently enforced level of $455 to $679 per week (equivalent to $35,308 per year)
- The proposal increases the total annual compensation requirement for “highly compensated employees” (HCE) from the currently enforced level of $100,000 to $147,414 per year
- Allowing employers to use nondiscretionary bonuses and incentive payments (including commissions) that are paid annually or more frequently to satisfy up to 10 percent of the standard salary level
Who should attend?
- CEO
- CFOs
- Board of Directors
- Supervisors/Manager
- Leadership & Executives
- Payroll Professionals
- HR Professionals
- Accounting Professionals
- Tax Professionals
- Benefit Professionals
- Compensation professionals
- Program Managers, Office Managers (with HR Roles)
- HR Workplace Compliance Professionals (Officers, Directors, Managers and Specialists)
- Office Managers and/or any professional on-boarding new hiresSenior HR Professionals
Why should you attend?
This new federal overtime regulation that could make over a million more Americans eligible for overtime—which might mean a steep hike in costs for employers. This will be effective in 2020 but Employers must start preparing now!
- Learn how to mitigate the new proposed rulings
- Learn how to prepare for the new Overtime changes
- Learn how to communicate changes to employees
- Learn what constitutes violations
- Learn how to conduct an internal audit to ensure compliance
Faculty - Ms.Margie Faulk
Margie is a senior level human resources professional with over 14 years of HR management and compliance experience A current Compliance Officer for HR Compliance Solutions, Margie has worked as an HR and Compliance advisor for major corporations and small businesses in the small, large, private, public and Non-profit sectors. This includes Federal Contracting in the defense, military, anti-terrorism and Apache Helicopter Training Simulations with Federal Acquisition Regulations (FAR), Federal Sentencing Guidelines (FSG) and Office of Federal Contract Compliance Program (OFCCP). Margie is bilingual (Spanish) fluent and Bi-cultural.
Margie’s focus has expanded to Global Workplace Compliance in International, multi-state, multi-National, state and local workplace compliance which includes workplace compliance in other countries like the UK, Canada, France, Brazil, China, Africa, Mexico, and India, just to name a few.
Margie has created and presented seminars/webinars for many compliance institutes. These national training providers, offer compliance training to HR professionals, business owners and companies interested in having their company compliant with workplace and industry regulations.
This year, Margie was selected by Alan Collins, former Vice President of Human Resources at PepsiCo, a renowned author of 8 books on HR Prosperity & Success, and founder of “Success in HR”, to be part of his Mastermind Your Way to Success in HR, “Expert Interview Series” based on her successful Webinars/Seminars on HR Compliance. Margie holds professional human resources (PHR) from the HR Certification Institution (HRCI) and SHRM-CP certification from the Society for Human Resources Management, Membership in the Society of Corporate Compliance and Ethics (SCCE).
Credits
ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1.5] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.
HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org