Breaking: DOL's New Overtime Rule and Its Impact on Financial Institutions

HR expert Jenni Stone will explore the significance of the DOL’s new overtime rule, discussing its legal and practical implications and providing guidance on actionable steps and compliance tools.

What You'll Learn

  • New Minimum Salary Thresholds and Effective Dates
  • Highly Compensated Employee (HCE) Compensation
  • The Updates to Minimum Thresholds
  • Nondiscretionary Payments to Meet Salary Thresholds
  • Definition of "paid on a salary basis" and permissible deductions.
  • Primary Duties Test:
  • Relevance of the pre-2004 exemption test in the context of the new rule.
  • Actions Employers Can Take Now
Skip to product information
1 of 1
Live Session
Option
Regular price $224.00
Regular price Sale price $224.00
Sale Unavailable
View full details

Thursday, June 13, 2024; 12:00 PM Eastern

Scheduled for 60 minutes including question and answer period.

INFORMATION
Training Overview

New DOL Overtime rule: Discover all the changes and how they will affect financial institutions.

An estimated 4 million workers are expected to lose their exempt status under the Fair Labor Standards Act (FLSA). The Department of Labor (DOL) released a final rule that raises the salary thresholds for certain overtime exemptions. While legal challenges may arise, it is crucial for financial institutions to remain informed and proactive in preparation for
these changes.


 Our presentation is meticulously structured to provide financial institutions with a thorough understanding of both the legal and practical implications of the DOL's new rule. By offering actionable insights and practical advice, we aim to ensure that employers are equipped to navigate
these impending regulatory changes effectively. Additionally, we provide valuable resources and tools to facilitate compliance with the new
requirements.


  • New Minimum Salary Thresholds and Effective Dates
  • Highly Compensated Employee (HCE) Compensation
  • The Updates to Minimum Thresholds
  • Nondiscretionary Payments to Meet Salary Thresholds
  • Definition of "paid on a salary basis" and
    permissible deductions.
  • Primary Duties Test:
  • Relevance of the pre-2004 exemption test in the context of
    the new rule.
  • Actions Employers Can Take Now


Gain insight into the legal and practical implications of the DOL's new rule, ensuring consistent adherence to regulations, and promoting career progression.

Recommended Audience
Who Should Attend?
  • Human resources professionals
  • Business owners
  • Plant managers
  • Operations managers
  • Employee relations staff
  • Location managers
  • Division supervisors
  • Supervisors
  • Chief executives
  • Executive directors
  • Board members
  • Senior management
  • Managers
  • Development staff
  • Program directors
APPROVAL AND VALIDITY
Credits
  • This program has been approved for 1.0 general recertification credit hours toward PHR, SPHR, and GPHR recertification through the HR Certification Institute.
  • This program is valid for 1.0 PDCs for the SHRM-CP or SHRM-SCP.
What's included
Training includes
  • 1.0 HRCI, 1.0 SHRM
  • Certificate of Attendance
  • All resources and training materials
About

Expert Presenter

Jenni Stone
  • Dual-certified: Professional in Human Resources (PHR) and SHRM Certified Professional (SHRM-CP)
  • SHRM Spartanburg and Society for Human Resources Management
  • Frequent speaker at professional human resource meetings and conferences across the country
  • Master’s Degree in HR Management at professional human resource meetings and conferences across the country.

Customer Reviews

Be the first to write a review
0%
(0)
0%
(0)
0%
(0)
0%
(0)
0%
(0)