WEBINAR

Employment Compliance: Addressing the New Federal Overtime Exemption Regulations Webinar

CFT Credits: 0.00

The Trump administration has now released its final regulations, implementing changes to the federal white-collar overtime exemption tests. This subject has been complex and controversial since significant changes were first introduced by the prior administration. The new final regulations are consistent with positions advanced by the American Bankers Association and the banking industry generally. The new standards will be effective as of January 1, 2020.

Webinar Description and Intended Audience

The Trump administration has now released its final regulations, implementing changes to the federal white-collar overtime exemption tests. This subject has been complex and controversial since significant changes were first introduced by the prior administration. The new final regulations are consistent with positions advanced by the American Bankers Association and the banking industry generally. The new standards will be effective as of January 1, 2020.

We believe the changes will have a limited impact on most community banks. However, this is a good opportunity to confirm overall FLSA compliance going into next year. In this session, we will address the new salary level and the variable pay credit which is now available for consideration. We will specifically discuss the most impacted positions such as mortgage loan officers, part-time exempt employees, and branch managers.

Additionally, we will discuss common positions within our industry where we are seeing challenges and vulnerability in connection with the executive, administrative, professional, computer, and outside sales exemptions. We will also address guidance issued by the Wage and Hour Division over the past 12 months in the form of Opinion Letters, which concern the industry.

Attendees will receive updated self-audit checklists addressing each of the white-collar exemptions, regular rate, and hours worked concepts.

Highlights

  • What is the new salary basis level, and how does it apply to the EAP exemptions?
  • What is the new compensation level for the highly compensated exemption, and how is it calculated?
  • What is the new variable pay credit and how can it be effectively managed?
  • How do the new standards impact the treatment of mortgage loan officers, consumer lenders and related positions?
  • What are the most common community bank compliance gaps when it comes to the various white collar exemption “duties” tests?
  • What are the Opinion Letters that have been issued by the Wage and Hour Division recently which address specific issues in the financial services industry?
  • How should community banks plan to confirm FLSA compliance as of January 1, 2020?

Who Should Attend?

Community bank human resource, compliance and legal managers.

Webinar Viewing Options

LIVE WEBINAR:                                              

INCLUDES 7 DAYS OF UNLIMITED ONDEMAND PLAYBACK!  With this option, you will participate in the webinar live, via the internet. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time.  And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

SIX MONTH ONDEMAND VIDEO:

With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it a very effective training tool. The OnDemand Video will be available to you (and anyone else in the company) for six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

CD-ROM VIDEO:

If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool.  With this option, you will receive a download of any applicable handouts and a CD-ROM (featuring the full-color PowerPoint presentation with audio) via regular mail. Mailed 7 to 10 days after the webinar takes place.

IN-HOUSE:                                                        

Webinars can be scheduled and offered exclusively for your company.  They can even be customized to best fit your needs.  To find out more, please complete the in-house request form found in the Schedule and Registration Information section below.

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

Register Here!

Choose the viewing option that best suits your needs. Live Webinar times are shown as Eastern Time. You can choose to pay by credit card or invoice when you register. CFT Credit will be awarded to the registrant, unless directed otherwise (additional attendees can also receive credit for an additional fee). CFT Webinars are powered by Total Training Solutions!

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