DOL Final Overtime Rule Takes Effect January 1, 2020: Are You Ready?

Duration: 60 minutes Speaker: Susan Fahey Desmond
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ABOUT THE EVENT

Many remember the panic during the Obama Administration when the Department of Labor finalized regulations raising the minimum salary for white-collar exemptions to $913 per week.  Shortly before these regulations were to go into effect, a Texas district court judge struck down the regulations citing many issues with the regulations and finding that the DOL did not have the authority for many of the new changes.  The DOL appealed and, in the meantime, the Trump Administration took office.  The appeal was stalled while the DOL went back to the drawing board to address how to raise the minimum salary level from the current level of $455 and to address the district court’s concerns.

The long-awaited final regulations have been published and, barring successful legal challenges, will go into effect on January 1, 2020.  But the DOL adequately addresses the district court’s concerns?  How do you plan your budget to meet the new salary level?  What about others who already meet the new salary level – will you need to bump up their pay as well?  What if you don’t want to raise the pay and now your exempt employee will have to go back to punching a time clock?

Session Highlights

  • Do the new regulations address the district court’s concerns?
  • The new salary level
  • Using nondiscretionary bonuses to meet the new salary level
  • Defining the white-collar exemptions
  • Practical suggestions regarding raising pay to meet the new salary level
  • Practical suggestions for those who may need a bump in pay
  • What the new regulations mean to your company and your employees
  • Budgeting for the new salary requirement
  • How to meet the salary requirement
  • What to do if you don’t want to increase the salary

Who Should Attend

  • HR Professionals
  • Business Owners
  • Payroll Professionals
  • CFOs
  • Accounting Professionals
  • Benefit Professionals
  • Managers
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Susan Fahey Desmond

Susan Fahey Desmond is a principal in the New Orleans office of Jackson Lewis P.C. Jackson Lewis is a labor and employment law boutique firm with offices in over 54 cities across the country. In addition to being a frequent speaker and author, Ms. Desmond is listed in Best Lawyers in America and has been named by Chambers USA as one of America’s leading business lawyers. The National Association of Professional Women recently named her as a VIP Woman of the Year.

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Subjects: FLSA, Overtime, DOL

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