Navigating New Overtime Rules: Key Changes and Legal Challenges for Staffing Employers
Overview
Sponsored By:
Who Should Attend
Staffing, recruiting, and workforce solutions industry owners, principals, chief executive officers, presidents, and branch managers; recruiting professionals
Highlights
In April, the U.S. Department of Labor announced a new regulation (called the “Final Rule”) that significantly increases the level of compensation needed to qualify someone for the Fair Labor Standards Act overtime exemptions for executive, administrative, and professional employees. Effective July 1, the minimum compensation is $43,888 annualized, and effective Jan. 1, 2025, the minimum is $58,656 annualized. The Final Rule also increases the total compensation needed to qualify someone for an overtime exemption under the test for highly compensated employees to $132,964 per year effective July 1 and to $151,164 per year effective Jan. 1, 2025. In addition, these salary levels will be subject to automatic increases every three years, beginning July 1, 2027.
However, after the Final Rule was issued, lawsuits were filed seeking to set it aside. One such lawsuit in Texas has already resulted in an injunction against these changes in Texas (but not elsewhere). This webinar will provide an overview of the changes related to staffing businesses and discuss the potential effects of future litigation.
During this webinar, attendees will learn:
- What changes are made by the Final Rule under the FLSA and what the schedule of new compensation levels is
- Action steps employers should be taking now and in the next five years
- What options exist for compensation of employees who are no longer eligible for exemptions from overtime
- The accompanying trends under state wage and hour laws
- What is happening in the courts, and whether the new regulations will withstand scrutiny under the changing standards for federal agency authority
Presenters
Peter Spanos
partner, Taylor English
Spanos brings more than four decades of nationwide employment law experience to Taylor English. Spanos represents a variety of local, regional, national, and international employers on complex employment law issues across numerous industries, including technology, manufacturing, health care, professional services, nonprofits, real estate, transportation, pharmaceuticals, construction, and consulting. He handles trials in federal and state courts; cases before the U.S. Department of Labor, U.S. Equal Employment Opportunity Commission, U.S. National Labor Relations Board, U.S. Occupational Safety and Health Administration, and state agencies; arbitrations; mediations; and appeals.
This webinar qualifies for 1.0 hour of CE toward maintaining your ASA credential.
