New Overtime Rules
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New DOL rules go into effect beginning on Jan 1, 2020. Overtime and minimum wage has been a hot topic for the last several years, legislation almost went into in effect in 2017 but was stopped by several states coming forward with legal action. Now in September of 2019 the federal Department of Labor has released final legislation to update the salary threshold. This webinar will give you the most up to date Overtime requirements and how it will affect employers along with a review legislative attempts in the past couple years. Best practices on how employers can be prepared to implement the new rules and make sure employers on compliant by Jan 1 of 2020.
Benefits of Attendance:
- 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
- Details of federal regulation changes, what they are and when do we as employers need to be ready
- Impacts of changes to companies and best practices on how to handle them
- 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
Recent Legislation Activity 00:03:24
Recent Legislation Activity (cont’d) 00:04:31
Recent Legislation Activity (cont’d) 00:07:25
What’s Next 00:08:26
Final Regulations Have Been Released 00:09:49
Federal Overtime 00:10:40
Exempt vs Non-Exempt 00:13:14
Exempt vs Non-Exempt - Management 00:16:42
Exempt vs Non-Exempt - Executive Exemption 00:18:23
Exempt vs Non-Exempt - Administrative Exemption 00:19:21
Exempt vs Non-Exempt - Administrative Exemption - Examples 00:22:25
Exempt vs Non-Exempt -Administrative Exemption - Discretion and Independant Judgement 00:24:15
Exempt vs Non-Exempt - Professional Exemption - Learned Professional 00:26:29
Exempt vs Non-Exempt - Professional Exemption - Learned Professional (cont’d) 00:28:37
Exempt vs Non-Exempt - Professional Exemption - Learned Professional (cont’d) 00:30:35
Exempt vs Non-Exempt - Professional Exemption- Creative Professional 00:33:08
Exempt vs Non-Exempt - Professional Exemption- Creative Professional (cont’d) 00:34:08
Exempt vs Non-Exempt - Professional Exemption- Creative Professional (cont’d) 00:36:16
Exempt vs Non-Exempt - Professional Exemption- Creative Professional (cont’d) 00:38:18
Exempt vs Non-Exempt - Computer Professionals 00:40:39
Exempt vs Non-Exempt - Computer Professionals - Primary Duty 00:41:59
Exempt vs Non-Exempt - Outside Sales Exemption 00:42:37
Exempt vs Non-Exempt - Highly Compensated Exemption 00:43:50
Non-Discretionary Bonuses 00:45:03
Federal Overtime 00:46:28
Federal Overtime Concerns 00:48:09
Regular Rate of Pay Table 00:52:02
Updated Regulations Accomodate for Adjustments 00:54:50
Best Practices 00:55:46
State OT Requirements 00:57:45
Attendee Questions 00:59:20
Presentation Closing 01:09:06
- Department of Labor (DOL)
- Duties Test 00:09:17
- Exempt 00:10:05
- Fair Labor Standards Act (FLSA) 00:46:28
- Non-Discretionary Bonus 00:45:14
- Non-exempt 00:11:41
- Overtime 00:10:43, 00:46:35
- Salary Threshold 00:09:59
- Tipped Employee 00:48:25
Department of Labor (DOL): The United States Department of Labor is a cabinet-level department of the U.S. federal government responsible for occupational safety, wage and hour standards, unemployment insurance benefits, reemployment services, and some economic statistics; many U.S. states also have such departments.
Duties Test : A duties test is used to determine whether employees earning more than the salary threshold must be classified as nonexempt from overtime, including the tests for meeting the executive, administrative and professional exemptions
Exempt : Exempt employee is a term that refers to a category of employees set out in the Fair Labor Standards Act. They do not receive overtime pay, nor do they qualify for the minimum wage
Fair Labor Standards Act (FLSA): The Fair Labor Standards Act of 1938 29 U.S.C. § 203 is a United States labor law that creates the right to a minimum wage, and "time-and-a-half" overtime pay when people work over forty hours a week. It also prohibits most employment of minors in "oppressive child labor".
Non-Discretionary Bonuses: A non-discretionary bonus is a bonus that the employee is expected to be paid and it is usually given at the same time, either monthly, quarterly or annually. Because these bonuses are agreed upon ahead of time, they must be included in the regular rate of pay and the calculation of overtime.
Non-exempt: Non-exempt employees are workers who are entitled to earn the federal minimum wage for every hour they work. Such workers likewise qualify for overtime pay, which is calculated as one-and-a-half times their hourly rate, for every hour they work, above and beyond a standard 40-hour workweek.
Overtime: Overtime is time and a half of what an employee earns for every hour worked over 40 in a workweek. The FLSA salary threshold is the minimum salary employers must pay employees for them to be exempt from overtime wages.
Salary Threshold: The FLSA salary threshold is the minimum salary employers must pay employees for them to be exempt from overtime wages. Beginning January 1, 2020, the salary threshold increases, making a number of previously exempt employees nonexempt. The new FLSA salary threshold is $35,568 annually or $684 per week.
Tipped Employee: Any employee working in an occupation in which he or she regularly receives more than $30 a month in tips is considered a tipped employee. Minimum Hourly Cash Wages for Tipped Employees Under Minimum Wage Laws. A listing of wage and tip amounts required to be paid to tipped employees as determined by state law.
Dayna is currently the Payroll Tax Manager at PetSmart Inc. Dayna has been heavily involved in the payroll field over 15 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teach... View Full Profile
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