(ON DEMAND) Countdown to the New Overtime Rules: How to Bring Your Bank into Compliance by the December 1, 2016 Deadline

Email to Order the Recording + Free Digital Download

Time is running out! The new overtime rules become effective December 1, 2016. Any employee making less than $47,476 per year will no longer qualify for the executive, administrative, or professional exemption from overtime pay. These new rules will have a substantial impact on your financial institution both monetarily and operationally. This webinar will explain what needs to be done to become compliant by the December 1 deadline. It also will explain the specific duties test and salary tests that must be satisfied to qualify for an exemption from overtime pay.

HIGHLIGHTS
New rules regarding overtime exemptions
Specific tests that must be satisfied for each type of overtime exemption, including the duties test
Alternatives if an employee will no longer qualify as exempt from overtime pay
Restructuring each employee’s compensation to achieve the same previous salary
Controlling the hours worked to manage potential overtime costs
How to notify employees about these new changes

TAKE-AWAY TOOLKIT
Chart comparing the current rules, the old proposed rules, and the new final rules
DOL’s Guidance for Private Employers on Changes to the White Collar Exemptions in the Overtime Final Rule
DOL’s Small Entity Compliance Guide to the Fair Labor Standards Act’s “White Collar” Exemptions
Employee training log
Quiz you can administer to measure staff learning and a separate answer key

DON’T MISS THIS RELATED ARCHIVED WEBINAR!
“Understanding the New Overtime Rules Effective December 1, 2016:
Critical Budgeting Issues & How to Determine the Appropriate Hourly Rate”
Held on Friday, July 8, 2016.
You can order an archive of the live webinar, complete with handout materials.

Attendance verification for CE credits provided upon request.

 
WHO SHOULD ATTEND? Human resources personnel, managers, compliance officers, audit staff, budget personnel, and attorneys.

ABOUT THE PRESENTER – Elizabeth Fast, JD, CPA, Spencer Fane LLP, a partner with where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. She is a member of the Missouri State Banking Board by appointment of the Governor.