Seminar-The Department of Labor's New Overtime Rule
Name:
Seminar-The Department of Labor's New Overtime Rule
Date:
November 19, 2019
Time:
8:30 AM - 11:00 AM EST
Website:
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Registration:
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US Department of Labor
Event Description:
The DOL’s New Overtime Rule
The Fair Labor Standards Act (FLSA) exempts from overtime and minimum wage requirements certain employees who meet both a minimum salary requirement and a job duties requirement. This is often referred to as the “white collar” exemption.
The current minimum salary requirement for the white collar exemption is $455 or more per week. However, on September 24, 2019, the Department of Labor (DOL) announced a new rule that (1) increases the minimum salary requirement, (2) increases the annual compensation component of the “highly compensated employee” definition, and (3) makes other modifications to these rules. This new rule will go into effect on January 1, 2020.
Overtime and other wage and hour issues have fueled a dramatic escalation of claims against employers. The new DOL rule will only serve to accelerate this disturbing trend.
In light of this important new development, the Greater Ocean City Chamber of Commerce will be sponsoring a seminar on Tuesday, November 19, 2019, which will be designed to help employers comply with the new law and protect themselves against costly wage and hour claims. Our guest speaker will be attorney Doug Desmarais from the law firm of Smith & Downey, P.A.
The Fair Labor Standards Act (FLSA) exempts from overtime and minimum wage requirements certain employees who meet both a minimum salary requirement and a job duties requirement. This is often referred to as the “white collar” exemption.
The current minimum salary requirement for the white collar exemption is $455 or more per week. However, on September 24, 2019, the Department of Labor (DOL) announced a new rule that (1) increases the minimum salary requirement, (2) increases the annual compensation component of the “highly compensated employee” definition, and (3) makes other modifications to these rules. This new rule will go into effect on January 1, 2020.
Overtime and other wage and hour issues have fueled a dramatic escalation of claims against employers. The new DOL rule will only serve to accelerate this disturbing trend.
In light of this important new development, the Greater Ocean City Chamber of Commerce will be sponsoring a seminar on Tuesday, November 19, 2019, which will be designed to help employers comply with the new law and protect themselves against costly wage and hour claims. Our guest speaker will be attorney Doug Desmarais from the law firm of Smith & Downey, P.A.
