What's New: DOL's Proposed Changes to the Salary Exemption and Best Practices

Overview

With proposed changes to the Fair Labor Standards Act (FLSA) salary exemption pending, knowledge of employee classification becomes crucial, especially for practitioners working with small businesses. This session will provide updates and best practices to stay compliant with laws regarding exempt employees for both your practice and for your clients.

Highlights

• Discussion of the FLSA overtime exemptions consideration, including duties tests, salary threshold, and dispelling exemption myths.
• Overview of the proposed updated FLSA salary regulations
• Compliance tips and tools, including consideration of use of salaries, bonus structures, timekeeping, and usage of exempt employee safe harbor.
• Best practices for organizations/practitioners to stay compliant, including job duty structuring, financial and practical implications of modifying prior exemptions, employment practices insurance considerations, and assisting clients with these considerations as a trusted advisor.

Prerequisites

None

Designed For

Practitioners who advise organizations on payroll processes, overtime considerations, and financial implications of classifying employees as exempt/non-exempt

Objectives

• Analyze the proposed updates to the Department of Labor's FLSA salary exemption, integrating tools and strategies to ensure compliance with overtime exemption regulations

Preparation

While not mandatory pre-reading, attendees may want to familiarize themselves with the basics of overtime exemptions prior to viewing the webinar. The following are links to Department of Labor Fact Sheets to assist attendees:

U.S. Department of Labor