New Overtime Exemption Regulations
The final regulations impact all community banks.
Attend this webinar to learn about the new rules, compliance options, methods to reduce costs and practical guidance for communication and implementation.
The United States Department of Labor has just released new overtime exemption standards which will have a significant impact on the banking industry. The required annual salary has been dramatically increased to $47,476. The government has also refined some of the duties tests which also apply to these exemptions. The new federal standards become effective in December 1, 2016.
These final regulations impact all community banks and will require organizations to update employee classifications. This webinar identifies specifically the new rules, the compliance options available to community banks, methods to reduce increased costs and practical guidance when it comes to communication and implementation.
- What are the new overtime exemption requirements
- What changes have been made to the highly compensated employee test
- What compliance options and pay plans are available
- What have banks learned as they have assessed these new standards
- How can these changes be most effectively communicated to the organization
HR, senior lenders, compliance, audit and bank counsel.
Steve Greene specializes in employment litigation, benefit issues and compensation matters. He regularly speaks to employment lawyers and human resources professionals in the banking industry. During the past 30 years, Steve has assisted financial institutions evaluate overtime exemption compliance. He has also managed federal and state regulatory investigations and litigation across the country. His work has also included working with industry associations to influence the DOL and members of Congress.
Employment Law Compliance works exclusively with community banks, large and small, and assisting them in satisfying their employment compliance obligations. It has the privilege to support nearly 500 community banks across the United States. Visit them at www.employlawcompliance.com.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2 hours/session
Member price: $275.00 | Non member price $550.00
Member price: $295.00 | Non member price $590.00
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