New Jersey Chapter Peer-to-Peer Breakfast Forum October 6, 2016

The New Overtime Regulations:
How to Prepare and What it Means for Your Business

Join FEI New Jersey on October 6 when Mr. Kochman will lead the discussion on new wage and hour regulations. A summary of the recent changes is as follows:
 
In May 2016, the U.S. Department of Labor published its long-awaited Final Rule revising the standards needed to meet the new white collar exemptions. The Final Rule is the DOL's first major revision to white collar exemptions since 2004 and will result in millions of workers gaining eligibility for overtime. With this rule going into effect in December 2016, the DOL will virtually double the minimum monetary threshold needed for employees to qualify for exemption from overtime under the white collar exemptions. Moreover, the burden on employers will substantially increase every 3 years and employers will face a multitude of unforeseen compliance challenges. This is a substantial change from the standards in place for the last decade and will force employers to make hard decisions on how to handle the numerous employees who will now become overtime eligible.   

 
About our Speaker:
 
Tedd J. Kochman has spent his entire legal career as a management-side labor and employment law practitioner, representing both large and small companies in connection with a wide array of labor and employment matters. His practice encompasses all aspects of traditional labor law, day-to-day employment law and human resources counseling, handling workplace training activities and compliance, and involvement with employment discrimination litigation. Click here to continue reading bio.

CPE Credits: This event qualifies for one (1) CPE Credit; Field of Study: Personnel/HR