Sessions
Concurrent Session
Preparing for Change: Complying with the DOL's Final Overtime Regulations
Congressional A
Monday 03/14/2016 01:45 PM - 03:15 PM
1.25 SHRM PDCs, 1.25 HR Credit
| Competencies: HR Expertise, Critical Evaluation
| Intended Audience: Mid-Level
Workplace Application:
You will learn the steps you can take now to prepare to comply with DOL’s expected final overtime regulations.
On June 30, 2015, the U.S. Department of Labor’s (DOL) Wage and Hour Division proposed sweeping changes to the regulations that govern the white-collar overtime exemptions, including raising the minimum salary level for exemption to $970 per week ($50,440 annually). The DOL is expected to announce the final regulations by July 2016. This session will begin with a brief overview of the proposed regulations and employer comments, and then provide detailed guidance on the steps employers need to take now to prepare to comply with the final regulations. In this session, you will learn:
- The expected changes to the salary-level and job-duties requirements for exemption.
- The latest news on when the DOL will publish the final regulations.
- How the final regulations will affect your exempt employee classifications.
- A step-by-step guide for reclassifying employees to non-exempt, including how to identify employees who need to be reclassified; designing new compensation plans for reclassified employees; reviewing your wage-hour policies; and communicating the changes throughout your organization.
