Webinar: Unlocking Compliance: Mastering DOL’s Final Overtime Rules Through Job Duties Analysis

This webinar has concluded. Additional resources are provided below.

Yeo & Yeo’s payroll specialists and a U.S. Department of Labor representative hosted a webinar on the latest Department of Labor (DOL) Wage and Hour Division developments. The DOL has finalized a rule impacting overtime exemptions for executive, administrative, and professional employees under the Fair Labor Standards Act (FLSA). This new rule raises the minimum salary needed for employees to qualify for exemption. The initial increase takes effect July 1, 2024, and will automatically adjust every three years based on a specific formula.

This webinar focused on the following key topics:

• FLSA executive, administrative, and professional exemptions, including learned and creative professionals
• Minimum salary levels and effective dates
• The primary duties test
• Highly compensated employees (HCE) test
• Nondiscretionary payments to meet salary thresholds
• Definition of “paid” on a salary
• What actions should you take now to prepare?

Additional Resources:

• Final Rule: Restoring and Extending Overtime Protections – DOL presentation that provides an overview of the new rule
• Unlocking Compliance: Mastering DOL’s Final Overtime Rules Through Job Duties Analysis – Yeo & Yeo’s webinar slides
• U.S. Department of Labor’s 2024 Final Rule webpage – Additional resources to help navigate the Final Rule
• U.S. Department of Labor’s 2024 Final Rule
• Wage and Hour Division Fact Sheets
• Webinar Q&A

Webinar Presenters:

Christine Porras, CPP – Yeo & Yeo, Payroll Supervisor

Rose Sharman – Yeo & Yeo, Outsourced Business Operations Manager

Mildred Kress – U.S. Department of Labor, Community Outreach & Resource Planning