Unpacking and Navigating the DOL’s New Overtime Exemption Rule
EVENT DATE:
Jul 03,2024
PRESENTER(s): Gerald L. Maatman
1:00 PM ET | 12:00 PM CT | 10:00 AM PT |
100 Minutes
This program has been approved HRCI Credit 2 and IRS CPE Credit 2(Taxes)
The U.S. Department of Labor has announced its final rule modifying the FLSA’s overtime exemptions for executive, administrative, and professional employees. The final rule significantly raises the minimum salary to qualify for exemption, with initial increases to take effect on July 1, 2024. The rule also calls for automatic, formulaic increases to the salary threshold every three years.
The new rule commands attention from virtually all employers. It is critical for employers to understand the nuances and ramifications of this rule.
Learning Objectives:
- An overview of the changes in the final rule,
- Best practices for assessing and executing reclassification decisions,
- Common compliance hurdles and strategies to overcome them,
- Broader implications of the rule change for employers and the workplace; and
- Anticipated challenges the new rule is likely to face in court, as well as the potential impact of the November election.
Areas covered in this Training:
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 we as employers need to be ready
Other Benefit Points:
- Impacts of changes to companies and best practices on how to handle them
- Current accounting issues
- Current audit issues
- Current compilation and review issues
- Other issues affecting the profession
Credits and Other information:
- Session Duration: 100 Minutes
- Case Studies and Live Q&A session with speaker
- PowerPoint presentation for reference
- Session learning level: Introductory
- Delivery method: Group Internet Based
- HRCI Credits: 2.0
Who Will Benefit:
- HR Professionals
- HR Directors
- Managers
- In-House Counsel
- Attorneys
- Business Owners
- Accountant/Accounting Professionals
Speaker Profile:
Gerald L. Maatman, Jr., chair of Duane Morris’ Workplace Class Action group, has nearly four decades’ experience of practicing law and has defended some of the most significant bet-the-company cases ever filed against corporate America. Mr. Maatman has represented companies, executive teams and boards across the country in class action litigation, ranging in size from thousands to hundreds of thousands of claims by employees. Among his accomplishments, he defended and defeated the largest systemic enforcement action ever brought in the history of the U.S. Equal Employment Opportunity Commission, the first Attorney General prosecution of a Wall Street company for workplace discrimination and harassment, and the largest wage & hour class and collective actions ever brought in Florida and New York. While he is known to be a fierce litigator, he also helps his clients anticipate large-scale litigations risks before they happen to prevent issues that could turn into litigation. Mr. Maatman pioneered the process of conducting employment-practices audits to assist employers in structuring effective and practical personnel policies and protocols. Profiled in The Wall Street Journal, these audits are designed to minimize the incidence of employment-related class action litigation and to maximize management discretion and workplace productivity. He has served as a legal commentator on PBS, NPR, MSNBC, CNBC and U.S. talk radio, and his comments have appeared in such publications as The Wall Street Journal, The Economist, Business Insurance, USA Today, Fortune and Forbes.
