New Overtime Regulations
Overtime and minimum wage have been a hot topic for the last several years, legislation almost went into in effect in 2017 but was stopped by several states coming forward with legal action. But new legislation was released on April 23, 2024, that have updates beginning as soon as July 1, 2024 to the salary thresholds put employers into the situation to make some key decisions on how to handle there exempt workforce. This webinar will be the most up-to-date based on run date. Many states have also updated their overtime rules that are more generous to employees. This webinar will explain how the balance the federal overtime rules with the state overtime rules. The most up-to-date Overtime requirements and review legislative attempts to make sure employers have the correct overtime calculation.Areas CoveredFederal and State Minimum wage review to include the most up-to-date changesDiscussion on how companies should handle minimum wage for states with higher rates than federal Current legislative activity and what it means to employersReview Federal Overtime Requirements - Exempt vs. non-exempt - Overtime Concerns - Regular Rate of Pay why it is important and how to calculateState Overtime Requirements - State-by-State Review Details of federal regulation changes and what employers need to do before the July 1, 2024 go live date.Impacts of changes to companies and best practices on how to handle them.Who Should AttendPayroll, HR, Compensation Professionals.
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Overtime and minimum wage have been a hot topic for the last several years, legislation almost went into in effect in 2017 but was stopped by several states coming forward with legal action. But new legislation was released on April 23, 2024, that have updates beginning as soon as July 1, 2024 to the salary thresholds put employers into the situation to make some key decisions on how to handle there exempt workforce. This webinar will be the most up-to-date based on run date. Many states have also updated their overtime rules that are more generous to employees.
This webinar will explain how the balance the federal overtime rules with the state overtime rules. The most up-to-date Overtime requirements and review legislative attempts to make sure employers have the correct overtime calculation.
Areas Covered
- Federal and State Minimum wage review to include the most up-to-date changes
- Discussion on how companies should handle minimum wage for states with higher rates than federal
- Current legislative activity and what it means to employers
- Review Federal Overtime Requirements
- Exempt vs. non-exempt
- Overtime Concerns
- Regular Rate of Pay why it is important and how to calculate - State Overtime Requirements
- State-by-State Review - Details of federal regulation changes and what employers need to do before the July 1, 2024 go live date.
- Impacts of changes to companies and best practices on how to handle them.
Who Should Attend
Payroll, HR, Compensation Professionals.
