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Preparing for the New DOL Exempt Threshold and Overtime Rule Definition of "Regular Rate" and Overview of Independent Contractor Requirements

On March 7, 2019 DOL announced a new salary threshold for exempt employees and on March 28, 2019 announced updated requirements for calculating regular rate of pay for purposes of calculating overtime. The new rules are effective January 1, 2020. Now is the time to review your current wages for salaried exempt employees as well as to review all of your positions to ensure that they are properly classified. Employers who do not properly classify their employees risk paying treble damages for back wages for improperly classified employees. This session will cover the legal definitions related to FLSA classifications of employees, testing requirements and salary thresholds for exempt employees and requirements for independent contractor classifications. Instructor: Juli Bacon, JB Consulting Systems