The USDOL has published final regulations redefining the criteria necessary to qualify as an exempt employee under the Fair Labor Standards Act.
On July 1, 2024, the salary threshold will increase from $35,568 to $43,888 per year (i.e. $684 to $844 per week). On January 1, 2025, the salary level will increase yet again to $58,656 ($1,128 per week). Thereafter, the salary level is set to automatically increase every 3 years. The highly compensated employee exemption salary threshold will also be increasing from the current $107,432 to $151,164 by 2025.
The DOL estimates that one million workers will gain access to overtime nationwide in the first year alone, and as many as 3 million workers will be impacted by the subsequent application of the new salary level.
Join EANJ and attorneys from Davison Eastman Munoz Paone, P.A. for this one-hour session as we outline the new rules for determining exempt status, review existing criteria and discuss implementation strategies.
- NEW: Increased exempt employee salary level;
- Why this is happening and how we got here;
- New threshold
- Automatic update provisions
- Practical options and considerations for employers moving forward;
- Comprehensive review of exemption criteria: salary level, salary basis and duties tests;
- Understanding proper deductions from exempt employees;
- Highly Compensated employees;
- Safe-Harbor
Speakers:
Brian Chabarek, Esq.
Davison Eastman Munoz Paone, P.A.
Nicole Croddick, Esq.
Davison Eastman Munoz Paone, P.A.
Zachary J. Styczynski, Esq.
Davison Eastman Munoz Paone, P.A.
Registration:
EANJ Member Pricing
$85 per registrant for EANJ Members***
****EANJ members MUST use discount code EANJMEMBER on registration page to receive member pricing****
Non-EANJ Member Pricing
$165 per registrant for Non-Members
Payment due in advance. A copy of the recording will be made available to paid registrants upon request and will be accessible for a period of three months following the live air date. No refunds will be provided.