Lunch & Learn -FLSA Overtime Rule Released
Event Sponsors
Upcoming Lunch & Learn
Please Note: Seating is limited to the first 25 pre-registered guests.
Topic: FLSA Overtime Rule Released
Presented by: Helene Wall - HR Consultant
Postlethwaite & Netterville, APAC
What is the Fair Labor Standards Act (FLSA)?
The FLSA is a federal law which establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards affecting full-time and part-time workers in the private sector and in federal, state, and local governments. The Act and in particular the “overtime rule” is enforced by the Wage and Hour Division of the Department of Labor. Provisions of the Act allow for specific “exemptions” from the overtime rule, provided the exempt worker meets certain requirements or tests. One of those tests is the salary level or threshold paid by the employer.
What is changing?
Effective December 1, 2016 the “rule change” goes into effect raising the salary threshold for exempt workers as follows:
- The salary level increases from $455/week or $23,660/year to $913/week or $47,476/year, and
- The salary level will continue to increase every three years thereafter
How does this affect my organization?
Exempt employees who are paid less than $47,476 annually may be eligible for overtime pay for hours worked over 40 in a workweek.
This could mean a big hit to payroll, a financial burden to the organization and a cultural change in the workforce. Statistics released by the DOL indicate more than 60,000 workers in Louisiana will be affected by this change.
This could mean a big hit to payroll, a financial burden to the organization and a cultural change in the workforce. Statistics released by the DOL indicate more than 60,000 workers in Louisiana will be affected by this change.
What to do first?
Join Helene Wall, Human Resources Consultant with Postlethwaite & Netterville to learn more about the FLSA rule change. During this presentation, she will discuss how to identify which employees are affected and implement strategies for compliance while managing the morale of your employees through the change.
Date: Wednesday, August 17, 2016
Time: 11:30 am-12:30 pm
Place: Chamber Office
Please Register online.
Lunch Provided by:
Lunch & Learn -FLSA Overtime Rule Rel...
Date and Time
Wednesday Aug 17, 2016
11:30 AM - 12:30 PM CDT
Wednesday, August 17, 2016
Time: 11:30 am- 12:30 pm
Location
Chamber Office-Resource Center
394 Belle Terre Blvd.
LaPlace, LA 70068
Fees/Admission
No fee! This is a benefit to members.
Lunch will be Provided
Contact Information
Janine Herrington
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