Navigating the New Salary Threshold: Understanding the DOL's Overtime Rule Changes
***RSVP is required: https://bit.ly/3QUkNFu***
Join The Nonprofit Partnership on Wednesday, June 5th at 11:00 AM for a FREE webinar with Lauren Holler of MacDonald, Illig, Jones, and Britton LLP, as we explore the significant changes to the U.S. Department of Labor's (DOL) Fair Labor Standards Act (FLSA) regarding overtime exemptions.
This webinar will cover the recent Final Rule, which increases the minimum annual salary threshold for white-collar employees, effective July 1, 2024, followed by an additional increase, effective January 1, 2025. Learn how these changes will impact your organization and what steps you need to take to ensure compliance.
Learning Objectives:
- Understanding the Final Rule: Gain clarity on the DOL's new salary thresholds and phased increases.
- Compliance Requirements: Learn how to identify affected employees and manage salary adjustments versus overtime costs.
- Strategic Planning: Prepare for budgeting and future updates to the salary thresholds.
- Effective Communication: Discover how to communicate these changes to employees and managers effectively.
- Employee Impact: Consider the effects of reclassification on employee engagement and adjust company policies accordingly