The topic of the next St. Joseph Chamber of Commerce Lunch and Learn will be the new regulations from the Department of Labor.
In May, a new rule was issued by the Obama administration. Under the new rule the annual salary threshold at which companies can deny overtime pay will be doubled from $23,660 to nearly $47,500.
That would make 4.2 million more salaried workers eligible for overtime pay. The rules are meant to decrease the number of workers who can be classified as managers and forced to work long hours at a flat hourly rate. The White House estimates that the rule change will raise pay by $1.2 billion a year over the next decade.
According to St. Joseph Chamber of Commerce Vice President of Membership Natalie Redmond, the guest speaker at the June 14th event will be Carol Barnett, a local HR attorney who specializes in HR law.
“The topic is ‘White Collar wage and hour regulations that will affect most employers.’ It’s going to cover the new guidelines that have come down regarding salaried employees,” Redmond said. “Clearly this affects business owners, so if anyone owns a business locally that is not familiar with this regulation that’s going to be coming into effect in December and wants more information, it would be a good time to come.”
June’s Lunch and Learn will be from 11:30 a.m. to 1 p.m. on Tuesday, June 14th, at the Green Acres Building.
For more information, call the St. Joseph Chamber of Commerce at (816) 232-4461 or RSVP online. More information on the new regulations can be found at the Department of Labor website.