The Department of Labor has released their highly anticipated final regulations for the overtime exemptions under the Fair Labor Standards Act. These regulations will change not only how some employees are paid, but in some situations how employers do business. It has been estimated that 4.2 million employees will be affected by the new regulations. Employers should be aware of the final regulations.
To help employers understand the requirements Amanda Dokter, Human Resource Manager with Ketel Thorstenson, LLP, is offering three informational sessions. Each session will help area businesses navigate the current overtime exemption law, clarify the changes to the law, and discuss the considerations that need to be made. It will conclude with a question and answer session.
“Employers need to be aware of the final regulations and how each of their employees is affected. The new requirements are effective by December 1, 2016. We want to help businesses understand the changes to the law and what steps they need to take,” stated Amanda Dokter, Human Resource Manager with Ketel Thorstenson, LLP.
The sessions will be held at the Ketel Thorstenson Rapid City office at 810 Quincy on June 28, 29 and 30. Attendees can choose from one of the three session offered. The focus of the third session (on June 30) will be the effect on non-profit organizations. There is no cost to attend, RSVPs requested by June 24 to 605-716-3284 or RSVP@ktllp.com. Space is limited.
Ketel Thorstenson, LLP (KTLLP) is a full-service firm with 17 partners, over 50 Certified Public Accountants on staff, and offices in Rapid City, Custer, Spearfish, South Dakota and Williston, North Dakota. KTLLP has a rich history, serving clients since 1936 and a depth of knowledge and experience that clients rely on and trust. The firm offers a variety of services including: tax planning and return preparation, audit services, QuickBooks support, Xero support, bookkeeping, payroll, business valuation, business consulting and estate planning.
Additional information can be found on the events page https://ktllp.com/news-events/events/.