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Lunch & Learn: FLSA (Fair Labor Standards Act) Released Final Regulations
Name: Lunch & Learn: FLSA (Fair Labor Standards Act) Released Final RegulationsDate: October 11, 2016Time: 11:30 AM - 1:00 PM CDTEvent Description:Are You Ready?This October lunch and learn will provide an overview of the upcoming changes to the FLSA (Fair Labor Standards Act). The Department of Labor (DOL) released its final regulations making changes to Part 541 governing overtime exemptions under the Fair Labor Standards Act (FLSA). Key elements of the new regulation include:
1. Salary Threshold Changed to $913/week ($47,476 per Year)
This threshold doubles the current salary threshold level.
2. Automatic Salary Threshold Increases Every 3 Years
The threshold will be adjusted every 3 years!
3. Highly Compensated Employee (HCE) Exemption Is Now $134,004 Per Year
The final rule increases the exemption for highly compensated employees to $134,004 per year.
The effective date is December 1, 2016. Attend this fast-paced session to ensure that you understand the ramifications of the upcoming changes and have a plan in place!About the speaker:
Stacy Johnston is a solutions expert at Audacity LLC, a Human Resources solutions provider, and an adjunct instructor at LSBE (Labovitz School of Business and Economics at the University of Minnesota Duluth). Stacy is a licensed attorney and skilled HR professional with experience working in the higher education, business, and non-profit fields. Stacy is on the Board at ATD (Association for Talent Development) and NHRA (Northland Human Resource Association) and is SHRM-CP/PHR certified.
