Brightmine Webinars

The New Overtime Rule: Everything You Need to Know Now

Tuesday, May 14 at 2PM ET
Presented by Michael Cardman, Emily Scace and Rena Pirsos

The US Department of Labor (DOL) just put out a new rule that will raise the minimum annual salary for most overtime-exempt employees from the current level of $35,568 per year.

These increases will take place in two stages. First, it will go up to $43,888 and then it will go up again to $58,656 – for a total increase of about 65%!

The first increase takes effect very soon, on July 1, 2024. And the second increase is not too far behind, taking effect on January 1, 2025. You’ll need to act quickly to identify all of your exempt employees who are paid less than these new salary levels and decide whether to:

• Increase their weekly salary to retain their exempt status;
• Reclassify them as nonexempt and pay them overtime for any overtime hours worked; or
• Reclassify them as nonexempt but convert them to hourly employees.

There are pros and cons to each approach.

In this 60-minute webinar, Brightmine’s editorial team will help you:

• Learn about what's in the final rule;
• Find out what actions you should take to get ready;
• Learn about how the final rule may affect other HR responsibilities like payroll and pay transparency;
• And more!

Register Now

Michael Cardman has more than 20 years of experience in publishing and has specialized in employment law for more than 15 years. As a member of the Brightmine editorial team, he focuses on wage and hour compliance, including minimum wage, overtime, employee classification, hours worked, independent contractors and child labor.

Michael holds a Bachelor of Arts degree in English from the University of Virginia. Prior to joining Brightmine, he was the managing editor for Thompson Publishing Group's library of HR publications. In this role, he was responsible for overseeing books, manuals and online tools covering a variety of topics such as wage and hour, employee leaves, employee benefits and compensation.

Emily Scace has more than a decade of experience in legal publishing. As a member of the Brightmine editorial team, she covers topics including employment discrimination and harassment, pay equity, pay transparency and recruiting and hiring.

Emily holds a Juris Doctor from the University of Connecticut School of Law and a Bachelor of Arts in English and psychology from Northwestern University. Prior to joining Brightmine, she was a senior content specialist at Simplify Compliance. In that role, she covered a variety of workplace health and safety topics, was the editor of the OSHA Compliance Advisor newsletter, and frequently delivered webinars on key issues in workplace safety.

Rena Pirsos has more than 30 years of experience in legal publishing. At Brightmine, she covers topics related to payroll, including income and employment tax withholding, depositing and reporting; taxation of employee compensation and benefits; wage payments; child support and garnishment order compliance; and international payroll issues.

Rena holds a Juris Doctor degree from Hofstra University School of Law and a Bachelor of Arts degree in psychology and French literature from Fordham University's College at Lincoln Center. Prior to joining Brightmine, she was managing editor for the American Payroll Association and developed and co-authored many of its core publications. In earlier years, she was managing editor of the UCC Law Journal and Banking Law Journal at Warren Gorham Lamont/Thomson Professional Publishing, and a legal editor for Thomson Reuters' Payroll Guide, Prentice Hall's guides to federal, state and local income tax, and CCH/Wolters Kluwer Federal Securities Law Reports.