Here We Go Again! The DOL is increasing the Overtime Threshold in 2023. How Will this Impact Employers and Employees?
Learn how the DOL overtime salary threshold and duties test decide exempt status under the FLSA, and how to review your workforce to avoid misclassification.
Speaker
Margie Faulk
HR compliance advisor · HR Compliance Solutions, LLC · PHR (HRCI)
Overview
The overtime threshold is the salary level that helps decide which employees are owed overtime for working more than 40 hours in a workweek. This 90-minute webinar on the DOL overtime threshold explains how a proposed increase would affect employers and employees, and how to review exempt and non-exempt status.
Under the Fair Labor Standards Act, non-exempt employees earn at least one and a half times their regular rate for hours over 40 in a seven-day workweek. Exempt status depends on the salary threshold and job duties, not job titles, and isn't simply blue collar versus white collar.
Misclassification is one of the most common compliance mistakes, and it can spill over into attendance, timesheets, payroll and benefits problems.
Why attend: Whether an employee is hourly or salaried isn't left entirely to the employer, and getting it wrong can mean fines and penalties. A change to the salary threshold can shift employees' classification and affect your budget, so employers need to review their workforce before any new rule takes effect. The session suits employers in all industries, business owners and leadership, compliance professionals, payroll administrators, HR professionals, and managers and supervisors.
What’s covered
- Why the DOL proposed a new overtime rule
- How the proposed increase would shift employee classification
- How the rule would affect the employer's budget
- How the 2020 overtime rule left employers unprepared
- Resources and guidance offered to employers
- How the duties test separates exempt and non-exempt employees
- Classifying employees correctly to avoid fines and penalties
- How the FLSA gives employers resources to manage the process
- The steps of the rulemaking: proposal, public comment period, publication and implementation
- Training managers and supervisors on the changes as part of risk management
- Preparing for the rule with confidence
Who should attend
What you get
About the speaker
Margie Faulk is a senior level human resources professional with over 15 years of HR management and compliance experience. A current Compliance Advisor for HR Compliance Solutions, LLC, Margie, has worked as an HR Compliance advisor for major corporations and small businesses in the small, large, private, public and Non-profit sectors. Margie has provided small to large businesses with risk management strategies that protect companies and reduces potential workplace fines and penalties from violation of employment regulations. Margie is bilingual (Spanish) fluent and Bi-cultural.
Margie’s area of expertise includes Criminal Background Screening Policies and auditing, I-9 document correction and storage compliance, Immigration compliance, employee handbook development, policy development, sexual harassment investigations/certified training, SOX regulations, payroll compliance, compliance consulting, monitoring US-based federal, state and local regulations, employee relations issues, internal investigations, HR management, compliance consulting, internal/external audits, and performance management.
Margie is a speaker and accomplished trainer and has created and presented compliance seminars/webinars for over 16 US and International compliance institutes. Margie has testified as a compliance subject matter expert (SME) for several regulatory agencies and against regulatory agencies, thank goodness not on the same day. Margie offers compliance training to HR professionals, business owners, and leadership to ensure compliance with workplace and regulations.
Margie’s unique training philosophy includes providing free customized tools for all attendees. These tools are customized and have been proven to be part an effective risk management strategy. Some of the customized tools include the I-9 Self Audit. Correction and Storage program, Ban the Box Decision Matrix Policy that Employers can provide in a dispute for allegations, Family Medical Leave Act (FMLA) Compliance Guide, Drug-Free Workplace Volatile Termination E-Book and other compliance program tools when attendees register and attend Margie’s trainings.
Margie holds professional human resources certification (PHR) from the HR Certification Institution (HRCI) and SHRM-CP certification from the Society for Human Resources Management. Margie is a member of the Society of Corporate Compliance & Ethics (SCCE).
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