FLSA: 'Fearing Law Suits Always' or Fair Labor Standards Act? How to Avoid Compensation Claims Under the FLSA
IMPORTANT: Please note that this presentation was prepared prior to the new FLSA regulations taking effect on December 1, 2016. After this date, any numbers pertaining to the salary basis requirement being an annual salary of $23,660 should be considered at the new annual salary basis requirement of $47,476. Find more information at "What Employers Need to Know About the New Changes to Federal Overtime Regulations."
Attorneys from Lerch Early's Employment and Labor practice recently presented a seminar on "FLSA: 'Fearing Law Suits Always' or Fair Labor Standards Act?" where they discussed the impact of the FLSA on employers. Business owners, C-level officers with HR responsibilities and HR VPs, manager and directors learned:
- That FLSA claims are on the rise: FY13 was the 7th straight year of increases in FLSA cases filed (5% more than were filed in the prior year) and the federal government recovered nearly $250 million in back wages for almost 270,000 employees (Source: http://www.printing.org/page/10114)
- Who is subject to the FLSA
- What compensable time is
- How to calculate overtime pay
- Why many claims are filed
- The importance of insurance
See below for presentations from the event.