Breakfast Club: New DOL Exemption Rule

Join us Thursday, July 21st for our next Breakfast Club with Rachel Yarch of Burke, Warren, MacKay & Serritella, P.C. and Karen Snodgrass of Cray, Kaiser Ltd. Rachel and Karen will explain the New Overtime Exemption Rules released by the Department of Labor.

Thursday, July 21, 2016 8:00 am
ITT Technical Institute - Arlington Heights
3800 N Wilkes Rd, #100
Arlington Heights

These new regulations will affect many employers with employees who are currently treated as exempt from the Fair Labor Standards Act overtime and minimum-wage requirements.

What is the New Exemption Ruling?

  • The final rule will raise the standard salary threshold to equal the 40th percentile of weekly earnings for full-time salaried workers in the lowest-wage Census region, currently the South.
  • The salary threshold will be raised from $455 a week to $913 a week ($47,476 for a full-year worker).
  • 35 percent of full-time salaried workers will be automatically entitled to overtime, based solely on their salary.
  • This increase will go into effect on December 1, 2016.

This new law effects almost everyone so it is important to know what changes it will bring to your business.

Rachel and Karen will go into detail on the impact of this law and what changes you will need to implement in your company. Come prepared with questions and you’ll leave knowing all you need to know about the DOL exemption law. We hope to see you there!

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