DOL’s Final Ruling and Changes to Overtime Threshold in 2024
Join us to learn about the changes to salary levels in 2024. We will also discuss the DOL’s final ruling on independent contractor classification becoming effective from 3/11/2024. Federal & State minimum wage proposals will also be explained.
The Fair Labor Standards Act (FLSA), commonly referred to as the Wage and Hour Act, was passed in 1938 and since then has been amended many times. The major provisions of the FLSA are concerned with minimum wage rates and overtime payments, child labor, and equal rights. The US Department of Labor, Wage & Hour Division, oversees federal labor laws. Additionally, State DOLs administer state labor laws. Failure to comply with Wage & Hour laws may result in the employer paying the employee back wages, damages, penalties, attorney fees and court costs, plus the prospect of civil and criminal penalties from federal and/or state governments. Therefore, Wage & Hour compliance is of the utmost importance.
What You will Learn
- What is the Fair Labor Standards Act?
- Changes to salary levels in 2024 (Overtime thresholds)
- DOL’s final ruling on independent contractor classification effective 3/11/2024
- Federal & State minimum wage proposals
- Tests used to determine if an employee is exempt from FLSA
- Importance of determining the primary duty of a job
- The six FLSA exemptions
- Exempt vs. Non-Exempt status
- Salary Level and Salary Basis tests
- Determining when to pay overtime
- Calculating overtime pay
- Minimum wage provisions under FLSA
- Equal pay provisions under FLSA
- Child labor regulations
- Recordkeeping requirements
- Repercussions of FLSA non-compliance
Why Should You Attend
This training will lay the groundwork for determining whether your employees are properly classified as Exempt or Non-exempt and ensuring that wage and hour laws are being followed properly. Additionally, recent changes to the overtime thresholds will be discussed as these changes will take effect on July 1, 2024.
Who will Benefit
- Human Resources Professionals
- Compensation Professionals
- Compliance professionals
- Managers
- Supervisors
- Employees
Diane L. Dee
Diane holds a Master Certificate in Human Resources from Cornell University’s School of Industrial and Labor Relations and has attained SPHR, SHRM-SCP, sHRBP, and HRPM® certification.
Diane is a member of the National Association of Women Business Owners and the Society for Human Resource Management. Additionally, Diane performs pro bono work through the Taproot Foundation, assisting non-profit clients by integrating their Human Resources goals with their corporate strategies.
SHRM -
StandEagle is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.25 PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit - portal.shrm.org.
HRCI -
This webinar has been approved for 1.25 HR (General) re-certification credit hours toward California, GPHR, HRBP, HRMP, PHR, and SPHR recertification through the HR Certification Institute.
The use of this seal is not an endorsement by the HR Certification Institute of the quality of the activity. It means that this activity has met the HR Certification Institute’s criteria to be pre-approved for re-certification credit.
ACCREDATIONS
