New DOL Overtime Rule & Minimum Wage Compliance Update for Employers

Webinar Background & Agenda :

DOL has published the final overtime rule for all employers which will go into effect on July 1, 2024. Staying on top of new state/federal overtime mandates, managing exempt vs non-exempt employee overtime wages, proper calculation etc are just a few areas employers must be careful with. Among the most painful areas for HR and Payroll departments is ensuring compliance with the new Overtime and Minimum Wage regulations for employers. Failure to meet the guidelines often results in heavy fines/penalties.  How to ensure that you are aware of the changes and you are in compliance with the new overtime and exempt requirements ?  This webinar is designed for employers to stay compliant with the recent regulations put into effect by the DOL.

The following topics will be discussed in detail :

  • Review of what the new 3-year automatic update means to employers
  • Details of what employers need to do to comply by July 1, 2024 and Jan 1 ,2025
  • Best practices for employers on how to comply but balance cost concerns
  • Latest Federal & State Minimum wage review to include most up to date changes
  • Discussion on how companies should handle minimum wage for states with higher rates then federal.
  • Current legislative activity and what it means to employers
  • Review Federal Overtime Requirements
     - Exempt vs. non-exempt
     - Overtime Concerns
     - Regular Rate of Pay why it is important and how to calculate
  • State Overtime Requirements
  • State by State Review
  • Details of  federal regulation changes what are they and when do we as employers need to be ready
  • Impacts of changes to companies and best practices on how to handle them

Ask your questions & get expert advice directly from the speaker during the informative Q/A session at the end of the webinar session.

Instructor Profile: Dayna is currently the Senior Director of Payroll and HRIS at a major medical center in Chicago.  Dayna has been heavily involved in the payroll field over 17 years.  Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc.  During Dayna‚Äôs time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association.  She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference.  Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll.   Dayna has her CPP (Certified Payroll Professional) through the APA.  She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee).  Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA.  Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.

Webinar Information
Live Webinar
Thursday, May 23, 2024
11 : 00 AM | EST
Dayna Reum
60 minutes
Webinar Options

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