Webinar

New Proposed Overtime Rules: Implications for Community Banks
On July 6, the DOL announced a proposed rule extending overtime protections to nearly 5 million white collar workers within the first year of implementation.

From an HR perspective, it’s most highly anticipated wage and hour development in 10 years, and financial institutions are expected to be the second most adversely impacted industry. Attend this webinar to learn more about the implications for your bank.

On July 6, the DOL announced a proposed rule extending overtime protections to nearly 5 million white collar workers within the first year of implementation. From an HR perspective, it’s most highly anticipated wage and hour development in 10 years, and financial institutions are expected to be the second most adversely impacted industry. Attend this webinar to learn more about the implications for your bank.

The Department of Labor has just proposed new overtime exemption regulations which fundamentally change determinations for banks. President Obama requested the new standards to significantly increase the number of employees eligible for overtime compensation. Of 51 industries, the federal agency expects financial institutions to be the second most adversely impacted industry.

The new tests will require employee classification changes, probably to be implemented in the first quarter of 2016. Some community banks are finding 30% to 35% of their exempt positions potentially affected. Enforcement activity by the DOL and lawyers is sure to follow.

Highlights

  • New salary level requirements
  • Exemption duties test
  • Specific impacted positions
  • Assessment methods and tools
  • Alternative pay plans and controls

Why Attend?

This program updates human resources professionals concerning the new exemption tests, the likely impacted positions and best practices to evaluate compliance options.

Audience

HR, senior leaders, compliance, audit and bank counsel.

Speaker

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.

Credit Information

Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2 hours/session

Pricing

Live Webinar:

Member price: $275.00 | Non member price $550.00

On-Demand Webinar

Member price: $295.00 | Non member price $560.00

Registration

Online: Visit the CBA Webinar Catalog

Mail: Click here and mail completed form with check payable to ConferenceEdge to: (Mail at least 10 days prior to event)

ConferenceEdge
1516 Xavier St., Ste 500, Denver, CO 80204

Phone: Call ConferenceEdge at (877) 988-7526 (credit card payments only)

Please Note:

  • Preferred Payment Method: Online
  • Please register online or by phone when paying with a credit card
  • Payment Must Accompany Registration – Invoices are Not Provided

Register online up to day of event. Earlier registration allows time to check your computer for an optimal experience.

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