Countdown to the New Overtime Rules: How to Bring Your Bank into Compliance by the December 1, 2016 Deadline
Friday, October 14, 2016
8:00 am – 9:30 am PT
9:00 am – 10:30 am MT
10:00 am – 11:30 am CT
11:00 am – 12:30 pm ET
Time is running out! The new overtime rules become effective December 1, 2016. Any employee making less than $47,476 per year will no longer qualify for the executive, administrative, or professional exemption from overtime pay. These new rules will have a substantial impact on your financial institution both monetarily and operationally. This webinar will explain what needs to be done to become compliant by the December 1 deadline. It also will explain the specific duties test and salary tests that must be satisfied to qualify for an exemption from overtime pay.
Continuing Education: Attendance verification for CE credits upon request
- New rules regarding overtime exemptions
- Specific tests that must be satisfied for each type of overtime exemption, including the duties test
- Alternatives if an employee will no longer qualify as exempt from overtime pay
- Restructuring each employee’s compensation to achieve the same previous salary
- Controlling the hours worked to manage potential overtime costs
- How to notify employees about these new changes
- TAKE-AWAY TOOLKIT
- Chart comparing the current rules, the old proposed rules, and the new final rules
- DOL’s Guidance for Private Employers on Changes to the White Collar Exemptions in the Overtime Final Rule
- DOL’s Small Entity Compliance Guide to the Fair Labor Standards Act’s “White Collar” Exemptions
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
DON’T MISS THIS RELATED RECORDED WEBINAR!
|"Understanding the New Overtime Rules Effective December 1, 2016:
Critical Budgeting Issues & How to Determine the Appropriate Hourly Rate "
Held on Friday, July 8, 2016
You can order a recording of the live webinar, with a free digital download.
WHO SHOULD ATTEND?
This informative session is designed for human resources personnel, managers, compliance officers, audit staff, budget personnel, and attorneys.
PLEASE NOTE: Webinar content is subject to copyright and intended for your individual financial institution’s use only.