Workshop on New Overtime Rules Set for Nov. 29
YOUNGSTOWN, Ohio – A workshop for employers and their ranking officers on the new Department of Labor overtime regulations that take effect Dec. 1 will be held from 6:30 to 8 p.m. Nov. 29 at the Covelli Centre.
Workshop sponsors are the Mahoning Valley Hospitality Alliance and The Business Journal.
Tim Petrey, managing partner of H.D. Davis CPAs LLC, Liberty Township, will lead the workshop on the changes the U.S. Department of Labor made that take effect Dec. 1. The changes are to the Fair Labor Standards Act and require that employers that have workers with an annual salary of $46,476 or less and work overtime – more than 40 hours a week – be paid time and a half for any time beyond those 40 hours.
Some exceptions apply but basically are limited to those employed in health care, legal services and education. Those likely to be affected the most are employed in the restaurant and retail industries.
Petrey, says the spokeswoman for the hospitality alliance, “will attempt to unravel the options and obligations for effective compliance with the new regulations.” Petrey will help employers identify their options, such as salary reclassification, minimum salary thresholds, restricting overtime and maintaining time records.
Those interested in attending or getting a handout beforehand should reply to [email protected] or call 330 776 8245.
Copyright 2023 The Business Journal, Youngstown, Ohio.