The United States Department of Labor has just released new overtime exemption standards which will have a significant impact on the banking industry. The required annual salary has been dramatically increased to $47,476. The government has also refined some of the duties tests which also apply to these exemptions. The new federal standards become effective December 1, 2016.
These final regulations impact all community banks and will require organizations to update employee classifications. This webinar identifies specifically the new rules, the compliance options available to community banks, methods to reduce increased costs and practical guidance when it comes to communication and implementation.
Highlights
Audience HR, senior lenders, compliance, audit and bank counsel.
Speaker Steve Greene specializes in employment litigation, benefit issues and compensation matters. He regularly speaks to employment lawyers and human resources professionals in the banking industry. During the past 30 years, Steve has assisted financial institutions evaluate overtime exemption compliance. He has also managed federal and state regulatory investigations and litigation across the country. His work has also included working with industry associations to influence the DOL and members of Congress.
Previously recorded on June 22, 2016
MBA Member Price: $275
On-Demand Price: $295
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