One of the fastest growing sources of complaints and lawsuits facing employers relates to the application of federal wage and hour rules under the federal Fair Labor Standards Act (“FLSA”). This law is not new, but yet continues to be one of the most perplexing set of rules to accurately apply in virtually all industries. The FLSA governs the payment of overtime compensation, and more importantly for purposes of this discussion, the circumstances where payment of overtime compensation is not required. The Department of Labor is in the process of significant changes to the exemption rules that it estimates will cause over 4.5 million employees to become overtime eligible. Employers need to understand the exemptions in general and the rules regarding employee classification in order to avoid adding to the statistics regarding lawsuits in this area.
Covered Topics:
- Discuss the proposed DOL regulations and proposed regulations concerning exempt classification
- Discuss the exemptions from overtime and how to evaluate employee classifications
- Discuss recent court decisions applying these rules to the banking and financial industry
Who Should Attend?
This area is critical for anyone responsible for hiring, compensation determinations, or other human resources or budget obligations for employers.