Are You Ready for the New Overtime Rules?
How to Prepare and What it Means for Your Business
In May 2016, the U.S. Department of Labor published its long-awaited Final Rule revising the standards needed to meet the new white collar exemptions. The Final Rule is the DOL’s first major revision to white collar exemptions since 2004 and will result in millions of workers gaining eligibility for overtime. With this rule going into effect in December 2016, the DOL will virtually double the minimum monetary threshold needed for employees to qualify for exemption from overtime under the white collar exemptions. Moreover, the burden on employers will substantially increase every 3 years and employers will face a multitude of unforeseen compliance challenges. This is a substantial change from the standards in place for the last decade and will force employers to make hard decisions on how to handle the numerous employees who will now become overtime eligible.
This 1-hour presentation will analyze how the DOL’s regulations will affect overtime eligibility, the impact and challenges to employers, and strategies to assist employers in complying with and preparing for the implementation of these regulations
Participants will be able to 1) assess risk related to new overtime regulations, 2) learn restructuring strategies to minimize regulation impact on workforce, and 3) examine the future impact of regulations and how to prospectively comply with these requirements.
Location: Aviator Smokehouse Sidebar Event Space
When: October 26th / 12:30-2:00 pm
Instructor: Julie Adams, attorney with Ford Harrison, Charlotte, NC
Pre-registration is required by calling (919) 552-4947
$10 for Chamber members / $15 for non-members
Lunch is provided.