Register Now for the YP/Chamber Lunch & Learn: Fair Labor Standards Act
Don’t forget to join us for an exciting and informative upcoming Lunch & Learn- Preparing for the New Fair Labor Standards Act.
Wednesday, July 20, 2016
12pm-1:30pm
Florence County Library (Stukes Meeting Room)
The Young Professionals of Florence, Greater Florence Chamber of Commerce and Willcox, Buyck and Williams, P.A. will host a Lunch & Learn program to explain the new Fair Labor Standards Act (FLSA,) which will take effect on December 1, 2016. If you want to know how this ruling will affect your business or organization, you need to register.
Did you know the new final rule will:
– Increase by slightly more than double, the minimum salary level for exempt “white collar” employees from $455/week ($23,660/year) to $913/week ($47,476/year)
– Automatically update every three years: 1) the minimum salary level to the 40th percentile of full-time salaried workers in the lowest income region of the country; and (2) the HCE threshold to the 90th percentile of full-time salaried workers nationally.
Raise the highly compensated employee (“HCE”) threshold from $100,000 to $134,004.
No exception to the rules is made for small businesses. The final rule does not make any changes to the duties tests for executive, administrative & professional employees.
The final rule allows for up to 10 percent of the minimum salary level for non-HCE employees to be met by non-discretionary bonuses, incentives, or commissions, if these payments are made on at least a quarterly basis.
COST
Young Professionals/Chamber Members ($15)
Non-Members ($20)
Non-Profit Organizations ($15)
For more information visit:
