Overtime and minimum wage has been a hot topic for the last several years, legislation almost went into in effect in 2017 but was stopped by several states coming forward with legal action. But new legislation was released on April 23, 2024, that have updates beginning as soon as July 1, 2024 to the salary thresholds along with additional updates required by 1/1/2025. However, with all this said on Nov 15th a federal judge in Texas to strike down the overtime rules. Including the July 1, 2024, changes. This has put employers into the situation to ask some key questions on how to handle their exempt workforce. This webinar will be the most up to date based on run date. Many states have also updated their overtime rules that are more generous to employees. This webinar will explain how the balance the federal overtime rules with the state overtime rules. The most up to date Overtime requirements and review legislative attempts to make sure employers have the correct overtime calculation.

Learning Objectives:

• Federal and State Minimum wage review to include most up to date changes
• Discussion on how companies should handle minimum wage for states with higher rates then federal.
• Current legislative activity and what it means to employers
• Review Federal Overtime Requirements
• Exempt vs. non-exempt
• Overtime Concerns
• Regular Rate of Pay why it is important and how to calculate
• State Overtime Requirements
• State by State Review
• Details of federal regulation changes and what employers need to do before the July 1, 2024 go live date.
• Impacts of changes to companies and best practices on how to handle them.