Register for the webinar here

From American Staffing Association:

In April, the U.S. Department of Labor announced a new regulation (called the “Final Rule”) that significantly increases the level of compensation needed to qualify someone for the Fair Labor Standards Act overtime exemptions for executive, administrative, and professional employees.  Effective July 1, the minimum compensation is $43,888 annualized, and effective Jan. 1, 2025, the minimum is $58,656 annualized. The Final Rule also increases the total compensation needed to qualify someone for an overtime exemption under the test for highly compensated employees to $132,964 per year effective July 1 and to $151,164 per year effective Jan. 1, 2025. In addition, these salary levels will be subject to automatic increases every three years, beginning July 1, 2027.

However, after the Final Rule was issued, lawsuits were filed seeking to set it aside. One such lawsuit in Texas has already resulted in an injunction against these changes in Texas (but not elsewhere). This webinar will provide an overview of the changes related to staffing businesses and discuss the potential effects of future litigation.

During this webinar, attendees will learn:

• What changes are made by the Final Rule under the FLSA and what the schedule of new compensation levels is
• Action steps employers should be taking now and in the next five years
• What options exist for compensation of employees who are no longer eligible for exemptions from overtime
• The accompanying trends under state wage and hour laws
• What is happening in the courts, and whether the new regulations will withstand scrutiny under the changing standards for federal agency authority

Register here.