Implementing Change – Complying With the Department of Labor’s Updated Regulations on Overtime Pay

If you have exempt/salaried staff members making less than $913 per week ($47,476 annually), you will likely need to comply with the Department of Labor’s new regulations that go into effect December 1, 2016.

Here’s What You Need to Know: After December 1, anyone earning less than $913 per week;

• Will (most likely) be entitled to overtime pay for any hours worked over 40 in a week
• Will be required to track and account for all hours worked within respective time keeping periods

Each business or nonprofit organization will need to determine the specific adjustments they may need to make to an individual’s current salaried compensation and how they will communicate these changes to their employee. There are several options a business may consider.
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Join us September 7 to discuss an overview of the new regulations, the challenges and solutions different employers in Fairfield are considering in response to these changes, and other considerations to keep in mind as your businesses plans for compliance with as little disruption and cost to your employees and organization as possible.
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Learn more about the new regulations: https://www.dol.gov/whd/overtime/final2016/faq.htm

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INFORMATION
WHEN: Wednesday, September 7
TIME: 11:45 am - 1:15 pm
WHERE: Upstairs at Revelations Cafe and Bookstore
COST: Free for Chamber Members, $5 for non-members (Can be used towards dues)
RSVP to the Chamber 641-472-2111 or Chamber@FairifeldIowa.com ​
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​No outside food or drink is allowed.  If you plan on eating lunch, order in advance here.

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