SALARY SHOCKWAVE 2025: Get Ready for New Exempt Employee Minimums Before They Hit
Learn How to Prepare for the New Exempt Employee Pay Rules!
Instructor :
Bob McKenzie
Webinar ID:
17025
Date: OCT 03, 2024 (THU)
Start Time: 10 AM PT - 11:30 AM PT
Duration: 90 Mins.
What you will learn
-
- Understand Core Provisions Of The Federal Labor Standards Act
- Identify Roles Eligible For White Collar Exemption Tests
- Analyze Recent Regulatory Updates From The Department Of Labor
- Explore Additional Exemptions Applicable To ….
-
- Understand Core Provisions Of The Federal Labor Standards Act
- Identify Roles Eligible For White Collar Exemption Tests
- Analyze Recent Regulatory Updates From The Department Of Labor
- Explore Additional Exemptions Applicable To Your Business
- Learn State-Specific Minimum Wage And Contractual Requirements
- Manage Compensation For Meal Breaks, Travel, And Training
- Avoid Common Compliance Pitfalls With Actionable Steps
Course Description
Effective January 1, 2025, the minimum salary for exempt employees will soar to $58,565, a substantial jump from the previous $43,888, enacted on July 1, 2024. This represents an annual increase of nearly $15,000.
Key Highlights:
-
- Understand the Implications: Not preparing adequately for these changes can severely impact your organization financially and disrupt employee relations.
- Department of Labor Updates: The Fair Labor Standards Act (FLSA) regulates wage payments and overtime, yet is widely misunderstood. Recent updates include exemptions such as the White-Collar Exemptions and the 7(i) exemption for retail and service establishments, alongside varying methods for calculating overtime pay.
- State and Local Variations: Beyond federal regulations, states like Alaska, California, and New York, and municipalities have set their own, often higher, standards. Staying informed on these variations is crucial for compliance.
Navigating Complex Regulations: Many organizations struggle with the specifics of white-collar exemptions, handling commissions, and managing other payroll additions such as shift differentials and production bonuses. It is vital to understand how to account for training and travel time to maintain compliance.
Why This Matters: Non-compliance can be costly, potentially resulting in fines reaching hundreds of thousands of dollars. This webinar will equip you with the knowledge to navigate these changes smoothly and effectively.
Join us for a comprehensive 90-minute session that will prepare you for the upcoming salary adjustments and ensure your organization remains compliant and well-informed.
Enroll Now!
Effective January 1, 2025, the minimum salary for exempt employees will soar to $58,565, a substantial jump from the previous $43,888, enacted on July 1, 2024. This represents an annual increase of nearly $15,000.
Key Highlights:
-
- Understand the Implications: Not preparing adequately for these changes can severely impact your organization financially and disrupt employee relations.
- Department of Labor Updates: The Fair Labor Standards Act (FLSA) regulates wage payments and overtime, yet is widely misunderstood. Recent updates include exemptions such as the White-Collar Exemptions and the 7(i) exemption for retail and service establishments, alongside varying methods for calculating overtime pay.
- State and Local Variations: Beyond federal regulations, states like Alaska, California, and New York, and municipalities have set their own, often higher, standards. Staying informed on these variations is crucial for compliance.
Navigating Complex Regulations: Many organizations struggle with the specifics of white-collar exemptions, handling commissions, and managing other payroll additions such as shift differentials and production bonuses. It is vital to understand how to account for training and travel time to maintain compliance.
Why This Matters: Non-compliance can be costly, potentially resulting in fines reaching hundreds of thousands of dollars. This webinar will equip you with the knowledge to navigate these changes smoothly and effectively.
Join us for a comprehensive 90-minute session that will prepare you for the upcoming salary adjustments and ensure your organization remains compliant and well-informed.
Enroll Now!
Why you should attend
Master New FLSA Provisions & Ensure Compliance: This webinar provides an in-depth understanding of the latest updates to the Fair Labor Standards Act (FLSA) regarding exempt employees. Stay ahead of regulatory changes and ensure your organization’s practices are up-to-date.
Key Benefits of Attending:
-
- Understand White-Collar Exemptions: Learn how these exemptions are determined and apply to your workforce.
- Navigate Complex Overtime Rules: Gain clarity on calculating overtime for employees receiving commissions, production bonuses, or shift differentials.
- Local Minimum Wage Laws: Acquire knowledge about minimum wage regulations specific to the regions where your organization operates, ensuring local compliance.
- Compensation for Non-Work Hours: Discover best practices for compensating training, travel time, meal breaks, and on-call availability.
Stay Updated on State Regulations: Receive crucial updates on state-specific laws that may affect your business operations, helping you avoid costly penalties.
Understanding these aspects is crucial for maintaining compliance and avoiding significant fines. Our expert-led session will equip you with the tools to manage payroll effectively under the evolving legal landscape.
Enroll Now!
Master New FLSA Provisions & Ensure Compliance: This webinar provides an in-depth understanding of the latest updates to the Fair Labor Standards Act (FLSA) regarding exempt employees. Stay ahead of regulatory changes and ensure your organization’s practices are up-to-date.
Key Benefits of Attending:
-
- Understand White-Collar Exemptions: Learn how these exemptions are determined and apply to your workforce.
- Navigate Complex Overtime Rules: Gain clarity on calculating overtime for employees receiving commissions, production bonuses, or shift differentials.
- Local Minimum Wage Laws: Acquire knowledge about minimum wage regulations specific to the regions where your organization operates, ensuring local compliance.
- Compensation for Non-Work Hours: Discover best practices for compensating training, travel time, meal breaks, and on-call availability.
Stay Updated on State Regulations: Receive crucial updates on state-specific laws that may affect your business operations, helping you avoid costly penalties.
Understanding these aspects is crucial for maintaining compliance and avoiding significant fines. Our expert-led session will equip you with the tools to manage payroll effectively under the evolving legal landscape.
Enroll Now!
Course Agenda
- The Primary Provisions Of The Federal Labor Standards Act –
- Understanding foundational concepts and latest changes.
- Tests To Determine If A Position Qualifies For A White Collar Exemption –
- Identifying eligible roles under current regulations.
- Review Of The Final Regulations Released By The Wage And Hour Division Of The Department Of Labor –
- Analyzing recent updates and their implications.
- Other Exemptions Your Organization May Want To Consider –
- Exploring additional exemption categories applicable to your business.
- Minimum Wage Requirements By State And Contract –
- Learning about differing wage standards across states and contractual obligations.
- Computing Overtime Pay For Multiple Pay Rates –
- Calculating accurate overtime payments for complex salary structures.
- Treatment Of Meal Breaks, Travel, Training, And Time Spent On-Call –
- Managing compensation for non-standard work hours and activities.
- Recordkeeping And Posting Requirements –
- Maintaining compliance through proper documentation and public disclosures.
- What’s Going To Get You In Trouble? –
- Highlighting common pitfalls and how to avoid them.
- Action Items –
- Establishing clear steps for implementation and compliance post-webinar.
BONUS:
-
- PDF copy of the presentation handout for your future reference.
- Soft copy of the certificate of completion on request.
- Q&A Session with the Presenter: Get your pressing questions answered verbally, via chat or email.
- The Primary Provisions Of The Federal Labor Standards Act –
- Understanding foundational concepts and latest changes.
- Tests To Determine If A Position Qualifies For A White Collar Exemption –
- Identifying eligible roles under current regulations.
- Review Of The Final Regulations Released By The Wage And Hour Division Of The Department Of Labor –
- Analyzing recent updates and their implications.
- Other Exemptions Your Organization May Want To Consider –
- Exploring additional exemption categories applicable to your business.
- Minimum Wage Requirements By State And Contract –
- Learning about differing wage standards across states and contractual obligations.
- Computing Overtime Pay For Multiple Pay Rates –
- Calculating accurate overtime payments for complex salary structures.
- Treatment Of Meal Breaks, Travel, Training, And Time Spent On-Call –
- Managing compensation for non-standard work hours and activities.
- Recordkeeping And Posting Requirements –
- Maintaining compliance through proper documentation and public disclosures.
- What’s Going To Get You In Trouble? –
- Highlighting common pitfalls and how to avoid them.
- Action Items –
- Establishing clear steps for implementation and compliance post-webinar.
BONUS:
-
- PDF copy of the presentation handout for your future reference.
- Soft copy of the certificate of completion on request.
- Q&A Session with the Presenter: Get your pressing questions answered verbally, via chat or email.
Who is this course for
Maximize the Learning Experience in A Group Setting!
-
- HR Professionals and Managers
- Payroll Managers
- A/P Managers
- Payroll Specialists
- Business Owners and CEOs
- Legal Advisors and Compliance Officers
- Contract Managers and Procurement Officers
- Controllers, Tax Preparers
- Accountants, Bookkeepers
- Financial Consultants
- Small Business Owners
Maximize the Learning Experience in A Group Setting!
-
- HR Professionals and Managers
- Payroll Managers
- A/P Managers
- Payroll Specialists
- Business Owners and CEOs
- Legal Advisors and Compliance Officers
- Contract Managers and Procurement Officers
- Controllers, Tax Preparers
- Accountants, Bookkeepers
- Financial Consultants
- Small Business Owners
Instructor Profile
Bob McKenzie has over 40 years of human resources management experience. His background includes a wide range of hands-on HR practices including in all aspects of Human Resources. And is a variety of industries in with private sector, public sector and nonprofit employers.
Bob has been cited in a number of Human Resources trade publications. Among them are HR.com, HR Magazine, HR Florida Review, Vault.com, BNA and the Institute of Management and Administration and the Business Journals. He has been a speaker at a number of conferences as well as audio and web-based seminars.
Bob is a graduate of Rider University where he received a Bachelor of Science in Commerce Degree and double majored in Industrial Relations and Organizational Behavior and lives in Brunswick, GA.
