The US Department of Labor (DOL) proposed changes to overtime exemptions are almost finalized. Companies need to review Human Resources (HR) policies to ensure that they are being proactive with compliance measures.
The DOL has forecasted that employers will spend between $500 and $600 million to comply with the new overtime exemptions, estimating that 7.4 million affected establishments will need at least one hour to get up to speed. The department calculated that it will cost $254.5 million for businesses to become familiar with the regulation; $160.1 million to make necessary adjustments; and $178.1 million in managerial costs.
We hope that you can join us for this insightful webinar to assist your organization with its proactive compliance measures.
Topics will include:
- who will be considered exempt vs. non-exempt
- misclassification evaluation and independent contractors
- new rule benefits and challenges for the employer
- immediate steps to take
If you are viewing a recording of this web seminar, most state bar organizations will only allow you to claim self-study CLE credit. Please refer to your state's CLE rules. If you have any questions regarding CLE approval of this course in your applicable bar, please contact your bar administrator.