Wednesday, November 9, 2016
10:30 a.m. - 12:00 p.m. ET
On May 18, the U.S. Department of Labor released its Final Rule on white-collar exemptions to the overtime provisions of the Fair Labor Standards Act. Among other things, the Final Rule, which will take effect December 1, dramatically raised the salary level for exempt status and the compensation level for highly compensated employees. In addition, the thresholds will automatically be adjusted every three years starting January 1, 2020.
These and other changes in the Final Rule are expected to have a significant impact on many employers, but especially those in the retail, hospitality, construction, and health care industries.
- New salary threshold for exempt status
- New compensation level for highly compensated employees
- Special guidance for institutions of higher education
- Special guidance for non-profit employers
- Reclassification considerations, and cost-neutral options
- Political and litigation efforts to block the Final Rule: Will they succeed?
It’s late, but there’s still time!
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