Based on a March 13, 2014 presidential memorandum from president Obama to the Department of Labor, instructing the DOL to review overtime regulations and make appropriate updates so more Americans will be applicable to overtime pay the department of Labor has been working on potential changes. On May 5th 2015 the DOL sent over proposed overtime regulations to the Office of Management and Budget for review. As employers and associations of the payroll, HR and compensation area we had till September of 2016. As of May 18th the department of labor released the update regulations. Dec 1, 2016 is when companies where required to be compliant with these new laws. As of November 2016 21 states filed suit stopping this regulation from going into effect. Currently the legislation is still on hold, but the outlook on overtime is still changing.
This webinar will give the details, the most recent updates and outlook for what is coming such as comp time. Details around changes that may be coming and what it means for how employees are paid. We will also review all the state minimum wage legislative changes that will impact us in 2017 and beyond. After this webinar you will have the skills and knowledge to implement changes at your company to be compliant.
- Federal and State Minimum wage review to include most up to date changes
- Discussion on how companies should handle minimum wage for states with higher rates then federal.
- Current legislative activity and what it means to employers
- Review Federal Overtime Requirements
- Exempt vs. non-exempt
- Overtime Concerns
- Regular Rate of Pay why it is important and how to calculate
- State Overtime Requirements
- State by State Review
- Details of federal regulation changes what are they and when do we as employers need to be ready
- Impacts of changes to companies and best practices on how to handle them