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In May of 2016, the Department of Labor (DOL) issued the final rule updating the Federal Labor Standards Act (FLSA) standards governing overtime. Most significantly, the minimum salary threshold for the white-collar exemption was raised from $23,660 per year to $47,476 per year and added a provision to automatically increase the limit every three years. Now that over a year has passed since the rule was implemented, former DOL Wage and Hour Administrator Tammy McCutchen will look back at how the transition to the new rule has gone so far and what it means for businesses moving forward. You will learn:
- How the implementation of the overtime rule has impacted businesses thus far.
- How we expect the rule to continue going forward, especially in light of the automatic increases.
- How to make sure your organization is in compliance with the rule and how to stay in compliance when the threshold increases.