Managing Exempt vs. Non-Exempt Employees Under New Wage Laws

Overtime and minimum wage regulations have been contentious topics in recent years. In 2017, proposed legislation was stalled due to legal actions initiated by several states. However, new legislation was introduced on April 23, 2024, with updates taking effect as soon as July 1, 2024. These changes to salary thresholds require employers to make critical decisions regarding the management of their exempt workforce. Additionally, many states have updated their overtime rules to be more favorable to employees, adding to the complexity.

This webinar, presented by industry expert Dayna J. Reum, CPP, will provide the latest information on federal and state overtime regulations. It will explain how to balance these regulations, ensuring employers accurately calculate overtime. Key topics will include minimum wage changes, legislative updates, and best practices for managing compliance with new requirements.

Webinar Objectives

Attending this webinar will equip employers with the knowledge and tools needed to navigate the recent changes in overtime and minimum wage legislation. Participants will gain insights into federal and state requirements, understand the impact of these changes, and learn best practices to handle compliance effectively.

Webinar Agenda

• Minimum Wage
• Legislative Activity
• Federal Overtime Requirements
• Exempt vs. Non-Exempt
• Overtime Concerns
• Regular Rate of Pay
• State Overtime Requirements
• State-by-State Review
• Best Practices

Webinar Highlights

• Comprehensive review of federal and state minimum wage changes.
• Guidance on managing minimum wage for states with higher rates than the federal level.
• Overview of current legislative activity and its implications for employers.
• Detailed review of federal overtime requirements, including:
  • Exempt vs. Non-Exempt classifications
  • Overtime concerns
  • Importance and calculation of the regular rate of pay
• In-depth analysis of state overtime requirements with a state-by-state review.
• Explanation of federal regulation changes and necessary employer actions before the July 1, 2024, implementation date.
• Discussion of the impacts on companies and best practices for handling regulatory changes.

Who Should Attend

Payroll and Tax Professionals

Credit(s)

IRS CPE Credits: 1 Tax hour