Topic for November: DOL Proposed Overtime Reform
The U.S. Department of Labor has proposed sweeping new regulations designed to expand overtime protections for millions of workers employed by nonprofits, for-profits, and governments. To be exempt currently, workers must make more than $455/week ($23,660 annually). The proposed rule sets the standard salary level at the 40th percentile of weekly earnings for full-time salaried workers. The 2016 level is projected to be $970 a week, or $50,440 annually. If these new regulations are implemented, it will have a tremendous impact on nonprofits since many exempt employees working in the sector earn less than this threshold. Pricilla Dowse, CEO, Special Olympics Wyoming, and Mike Burnett, Executive Director, United Way of Natrona County, will lead a discussion on this topic including how organizations should be preparing for the potential impact.
1401 Airport Parkway, Suite 300
Cheyenne, WY 82001