The New Overtime Rules: How Will You Comply?
Speaker: Melveen Stevenson
Speaker Designation: CEO and Founder of M.S.Elemental, LLC
Speaker: Melveen Stevenson
Speaker Designation: CEO and Founder of M.S.Elemental, LLC
Overtime rules are nothing new. We know that certain employees must be paid overtime rates when working more than forty hours per week. Other workers are not subject to overtime rules. What is very possibly changing, however, is the Department of Labor’s salary basis that contributes to the delineation between these groups. Currently, exemptions for workers of overtime rates under the Fair Labor Standards Act include an earnings threshold of not less than $684/week. While it is difficult to determine how much the DOL will raise this amount, discussions in the highest levels of government just a few years ago attempted to increase the threshold to $921/week. At the time, this would have made an additional 4.2 million employees eligible for overtime.
Base compensation is not the only factor to consider when determining a workers’ status as exempt or non-exempt. There are key details that must be assessed for the type of position. During this special “live” session, you will gain specific knowledge on the exemption categories, their features, and what to do with this information.
Although the DOL will almost certainly grant employers several months of lead-up time before implementing the new threshold, understanding the potential impact of a dramatic increase now will help employers to make appropriate adjustments in the future.
Overtime exemptions are nothing new, but the federal Department of Labor is expected to raise the minimum salary threshold for these exemptions in the near future, even as early as this month. If you don’t want to be caught unaware of these prospective changes and what it can mean for your organization, workforce, and overall budget, then you won’t want to miss this very timely learning session. With this change expected to impact millions of workers in the United States, it’s very likely that your employees will be affected as well.
In just 60-minutes, you’ll be armed with the foundational information you’ll need to assess, understand, and take targeted action to prepare yourself – and your organization – for these impactful changes.
Melveen Stevenson is the CEO and founder of M.S.Elemental, LLC, a human resources and business advisory firm based in Los Angeles, California. As a certified HR professional with a background in accounting and finance, she helps companies to navigate the human resources “jungle” of compliance, human capital, and leadership challenges. In doing so, she empowers companies to strengthen their infrastructure from the inside out, specifically through leadership development, operations, training, employee engagement, and executive coaching.
Melveen speaks on key topics to empower companies with the latest research and best practices for increasing engagement, enhancing leadership presence, and optimizing diverse workforce groups. Over the last 18 years, Melveen has held leadership positions in human resources operations, supply chain, and talent management at international companies in food manufacturing, medical devices, and consumer products.
Melveen is certified through the Society of Human Resource Management (SHRM-SCP) and the Human Resources Certification Institute (SPHR). In addition, she is certified in Extended DiSC® for individuals, pairs, and groups.