Starting January 1, 2020, the federal rules change for determining which employees are entitled to overtime pay and which can be treated as exempt white-collar workers. To learn if you need to adjust your pay practices to ensure you are fully complying with the law, we invite you to join a webinar on Tuesday, November 5, at 11:00 am Alaska time.
Details and registration are available here.
In late August, the U.S. Department of Labor issued its Overtime Final Rule that raises the minimum salary threshold that white-collar employees must be paid to remain exempt from overtime. Effective at the start of 2020, the rule raises the salary threshold from $455 per week ($23,660 per year) to $684 per week ($35,568 per year). The new rule also raises the threshold for “highly compensated employees” from $100,000 per year to $107,432 per year and allows employers to satisfy up to 10 percent of the standard salary level by using nondiscretionary bonuses and incentive payments. The Labor Department estimates that 1.3 million employees will become entitled to overtime due to this rulemaking, including seven percent of the nonprofit workforce.
Foraker is joining with the National Council of Nonprofits to present this national webinar to help all in the charitable community understand what the Overtime Final Rule means to nonprofit operations and missions, and what nonprofits should be doing now to prepare. We will be joined by officials from the U.S. Department of Labor and experts from groups representing workers and employers who will present their unique perspectives and answer questions from nonprofits. We will also address the interplay of federal and state law and help attendees determine with labor standards they should be applying in their workplaces.