Understanding New Overtime Rules

The DOL just released final regulations for updated overtime exempt requirements. This could make thousands of US employees non-exempt for overtime purposes. The DOL has also instructed that these new rules will be effective from 12/1/2016.

Join payroll expert Dayna Reum to learn the details around these new rules and get best practices for how your organization can be ready for the changes, including what the changes mean for how employees are paid!

You also will learn about the state minimum wage legislative changes that will impact us, so act now to be in compliance with the new rules and changes.

Learning Objectives

New OT Rules

• The new federal OT rules:
  • Exempt vs. non-exempt
  • Overtime concerns
  • Regular Rate of Pay: why it is important - and how to calculate
• The new state overtime requirements:
  • State by State Review
• The practical impact the final rule has on the duties tests
• Tips for employers in various industries as they work through their white-collar exemption classifications under the administrative, professional, and executive exemptions
• The new salary basis and minimum salary threshold
• How cost of living adjustments to the salary threshold may moderate budgetary pressure and lower wage compression
• How bonuses will factor into the salary threshold amount
• The timeline for implementation

New Minimum Wage Rules

• An overview of changes to federal and state minimum wage laws
• How organizations should handle minimum wage for states with higher rates then federal

Who will Benefit:

• Payroll Professionals
• Human Resources
• CFO
• Accounting Personnel
• Business Owners

Dayna J. Reum

Dayna is currently the Director of Payroll Operations at a major medical center in Chicago.  Dayna has been heavily involved in the payroll field over 17 years.  Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc.  During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association.  She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference.  Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll.   Dayna has her CPP (Certified Payroll Professional) through the APA.  She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee).  Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA.  Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.