Free Archived Webinar for New Fair Labor Standards Act Regulation

Jill S. G. Palmeter, CPA, Principal (Jun, 2016)

As indicated in our last thought leadership email, the new regulation from the U.S. Department of Labor was unveiled by the President on May 18, 2016.  Overtime benefits will now be expanded to certain full-time, salaried employees who earn up to $47,476 per year.  The current threshold is $23,660.  This pay increase might impact as many as 4.2 million workers when it goes into effect December 1, 2016, many of whom work at not-for-profit organizations.  It is important to note that hourly employees are not affected by this new regulation, as they remain eligible for overtime pay if they work more than 40 hours a week.

Many not-for-profit organizations are confused by how to implement this New Fair Labor Standards Act (FLSA).  In response, the Wage and Hour Division of the U.S. Department of Labor has a recently archived a 43-minute webinar that you can view at any time on its website.  You can access this recording and written presentation by registering here

The Wage and Hour Division of the U.S. Department of Labor has also published an overview entitled “Guidance for Non-Profit Organizations on Paying Overtime under the Fair Labor Standards Act.”  This 10-page document can help your organization determine how best to comply with the new regulation.  Additional future guidance will also help nonprofit organizations navigate the many aspects of this regulation.

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