trainED - Department of Labor Final Rule on White Collar Exemptions: What Higher Education Institutions Need to Know
- Date
- 6/9/2016
- Location
-
Live Webcast-OR-In-Person Training
Gray Plant Mooty
80 South Eighth Street
500 IDS Center (5th Floor)Minneapolis, MN 55402
Firm Event & Webinar
The Department of Labor released the long awaited Final Rule on white collar exemptions on May 18, to be effective December 1, 2016. The Final Rule significantly increases the minimum weekly salary amounts required for most exempt employee statuses, and also increases the total annual compensation amount for the exempt category of highly compensated workers.
To ensure compliance by December 1, 2016, employers will need to analyze their employee classifications to determine whether these positions will continue to be exempt, and determine the best course of action for making any necessary changes.