The SHRM Delaware State Council Workshop
New FLSA Overtime Ruling: Audit, Compliance, and Impacting Your Bottom Line
The Department of Labor (DOL) recently updated the Fair Labor Standards Act (FLSA). The new overtime rule will make 4.2 million salaried workers eligible for overtime pay and bring big changes and challenges to employers. The new rules become effective December 1, 2016 and have increased the salary level requirement for exempt employees to $913 per week, equating to $47,476 annually for a full time employee. The new rules have also increased the Highly Compensated Employee to total annual compensation level of $134,004 and these new rates will be automatically updated every three years. The new rule significantly change the compensation strategy for businesses and now is the time to determine the legal and practical steps you must take to respond to the FLSA changes.
Please join attorneys William Bowser and Scott Holt, from Young, Conaway, Stargatt and Taylor on July 21, 2016 for an informative workshop to help your organization prepare. This workshop will be from 3:00 pm until 5:00 pm followed by networking and Hors D’Oeuvres at the Clarion Hotel – The Belle located at 1612 N Dupont Hwy, New Castle, DE 19720.
Workshop Objective: You will learn about the new FLSA rules and how to develop a comprehensive strategy to meet these challenges.
Overview: Bill and Scott will cover the implications of the new rules and steps employers must take to prepare for these changes. Key topics to be addressed include:
· Comprehensive update of the changes in the FLSA Rules
· Auditing your exempt employee classifications and current compensation plans
· Compensation and classification options to consider in view of the pending FLSA salary changes
· Educating your managers on the new rules
· How to communicate changes to employees and how the changes will impact them
· Discussion about the employee relations challenges your organization may face as a result of these changes
· Critical steps to take immediately if faced with a DOL Audit or overtime claim
Who Should Attend: Individuals that are responsible for the company’s financials, human resources, compensation, morale, training, and employment brand. Key attendees should include:
· CEOs / Presidents
· Human Resources Leaders
· Payroll Directors
This workshop has been approved for SHRM and HR Certification Institute certification credits
Cost: As an added benefit to our Delaware SHRM Chapter members and DelMarVa SHRM Chapter members, the SHRM Delaware State Council will subsidize the members’ registration and the members’ cost will be $15.
Non-Delaware chapter members cost is $65 and includes chapter membership for remainder of 2015.
Please register by July 12th