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Key Implications of Proposed Changes to FLSA Overtime Rules and Pay Data Reporting

March 23, 2016 @ 2:00 pm - 3:00 pm

Free

Chernoff Diamond 2016 Webinar Series –

The DOL’s proposed FLSA changes to ‘White-Collar’ exemptions is one of the most pressing human capital issues employers will need to address this year. Final Rules may be issued sometime this summer and could have a significant financial, operational and organizational impact on many employers. Full compliance with Final Rules will be necessary within a short time frame so advance preparation is critical.

Compensation administration practices may need to be revisited and should be considered in the context of the new Equal Employment Opportunity Commission’s (EEOC) proposed rulemaking that revises the Employer Information Report (EEO-1) data collection requirements to include pay data.

At this event we will discuss these proposed changes and identify key issues. We will explore what employers should be doing to address employee concerns, and protect themselves from potential wage claims or misclassification liability as a result of these proposed changes.

Learning Objectives:

  • Identify the proposed changes to the FLSA overtime rules that impact white collar exemptions that have been issued by the DOL.
  • Understand the critical steps required to assess the financial, operational and organizational impact of the proposed rules. Including modeling cost options within the framework of permissible alternatives.
  • Confirm the expected timeframe for implementation of changes in order to be in full compliance.
  • Understand the recordkeeping requirements for payroll and hours worked.
  • Identify compensation issues that may be raised and strategies to deal with these in the context of proposed changes to EEO-1 pay data reporting.

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Ralph A. Sepe is a Partner in both the Health & Benefits and Transaction Services divisions.  Mr. Sepe’s role is to understand clients’ short and long term objectives, then to work closely with the firm’s internal and external resources to develop a customized benefits program that meets each client’s business, financial and competitive requirements.  Having over 20 years’ experience in the industry affords Mr. Sepe the knowledge and expertise necessary to not only develop a truly unique benefits program for each client, but also the ability to organize the resources needed to implement and maintain a successful program that exceeds client expectations.

Details

Date:
March 23, 2016
Time:
2:00 pm - 3:00 pm
Cost:
Free