WEBINAR

New Federal Overtime Regulations – What You Need To Know Webinar

CFT Credits: 0.25

This presentation specifically addresses how the proposed regulations impact the banking industry, what preparation steps would be advisable, updated enforcement guidance from the Wage & Hour Division, and reference to detailed self-audit exemption checklists.

Webinar Description and Intended Audience

The Department of Labor has released proposed regulations which will significantly change the application of overtime exemption tests for community banks. The new standards include raising the minimum salary threshold to $679 per week ($35,308 annually). The proposed regulations do not envision any refinements to the existing “duties” tests associated with the white collar exemptions. The release also contains other practical changes to the exemptions, impacting highly compensated employees, permitting credits for certain incentive payments, and providing for a more structured-periodic review of these thresholds.

In addition to the proposed regulations, we are seeing positive developments in terms of Opinions being issued by the Wage & Hour Division. The agency recently issued an Opinion Letter addressing community work by employees, which is very relevant to our industry. The agency is also considering an Opinion Letter Request addressing the exempt status of mortgage and consumer lenders.

It is widely expected that these regulations will be finalized by the end of 2019, and will become effective sometime in the first quarter of 2020. While these changes will not have nearly the disruptive effect of the Obama administration final regulations, these changes will require attention and provide us an opportunity to reconfirm compliance across our organizations.

This presentation specifically addresses how the proposed regulations impact the banking industry, what preparation steps would be advisable, updated enforcement guidance from the Wage & Hour Division, and reference to detailed self-audit exemption checklists.

Highlights

  • What are the key changes contemplated by the proposed regulations?
  • What positions will most likely be impacted given the new salary and compensation thresholds?
  • What is the likely timetable for these regulations to be finalized and implemented?
  • What preparations are advisable in anticipation of these refinements?
  • What recent guidance has been issued by the Wage & Hour Division which applies to bank industry positions?
  • What are we seeing in terms of enforcement activity by the DOL, state agencies, and plaintiffs’ lawyers?

Who Should Attend?

HR, senior leaders, compliance, audit and bank counsel.

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!

Webinar DateStart TimeEnd DateEnd TimeViewing Options - See Descriptions AbovePrice
05/07/19Archived Six Month On-Demand Recording$185.00Order
05/07/19Archived CD-ROM Video Recording$235.00Order
AnyIn-HouseRequest