How to Plan for the Proposed Changes to the Fair Labor Standards Act (FLSA) - Part 1

This training program will offer best practices for staying in compliance with the Fair Labor Standards Act when the proposed regulations are released while exploring the critical nature of the right communications. It will be followed-up by a 60 minutes complimentary Q&A Session(Series2)on Monday, May 9th 2016.

Why Should You Attend:

Are you prepared for the proposed changes to the Fair Labor Standards Act? This proposal raises the minimum salary level to qualify for exempt or salaried status from $23,600 annually (or $455/week) to $50,440 annually (or $970/week). These changes can be announced any day now.

This webinar will give participants the most up to date information available on the proposed changes and what organizations must do to prepare for these changes. Human resources professionals, payroll administrators, business owners, independent CPAs or accountants, individuals responsible for hiring entry level professionals, and anyone who is concerned about payroll costs will benefit from the program.

Areas Covered in the Webinar:

• Explanation of the current white collar exemptions
• The definitions of the salary level test, salary basis test and the duties tests to qualify for exemption from the overtime requirement of the FLSA
• A review of the proposed changes to the FLSA
• Financial implications of the changes to most organizations
• What to do now
• How to plan for the changes
• Potential implications of internal changes to pay practices
• Potential implications to your business model
• Understanding the importance of proper communication of the changes to the affected employee

Who Will Benefit:

• Human Resources Professionals
• Compensation Professionals
• Small Business Owners and Accountants
• Employees of CPA Firms
• Business Consultants