Why You Should Purchase This CD:
Knowing these federal regulations, which took effect August 23, 2004, for compensation and overtime pay practices is a "must" for HR professionals, business owners and managers and their lawyers, consultants and advisors. You will receive up-to-the-minute information and practical tips on implementing and complying with these changes.

Virtually every employer in the country, in both public and private sectors, will be affected by these new federal regulations governing exempt-nonexempt classifications and overtime pay eligibility for salaried executive, administrative, professional and outside sales employees under the Fair Labor Standards Act.

The Part 541 regulations have not been revised comprehensively in over 50 years. The new regulations now make significant changes which, in some cases, create new overtime pay obligations and, in others, clarify the job duty requirements for the so-called "white collar" exemptions from overtime pay.

The Labor Department has announced that it will "aggressively enforce" compliance with the new Part 541 Regulations. Employee groups and trial lawyers also threaten legal actions based on the changes your company or organization makes, or does not make, in exempt-nonexempt employee classifications, job duties, pay practices (including deductions from pay), and compensation policies initiated under the new regulations. As a result, all employers need to review their existing pay practices to ensure compliance with the new regulations, and especially to institute the regulations new "safe harbor" policy which will serve as a defense against legal liability.

This important IAML audio teleconference will provide participants with an easy-to-follow outline as well as course materials explaining the changes, as well as practical tips and sample policies to guide employers in self-audits of their compliance practices.

Who Will Benefit:
Employment Law, Human Resource, Benefits and Legal Personnel. CEO's, CFO's

Featured Presenters: 
Harold P. Coxson, Jr.  and Bruce A. Griggs have more than 40 years of combined labor and employment law expertise.  These talented presenters are partners in the highly respected national labor and employment law firm of Ogletree, Deakins, Nash, Smoak & Stewart.  Mr. Coxson, J.D., American University Law School, and Mr. Griggs, J.D. University of Virginia School of Law, were instrumental in presenting this historic regulation when the initial legislation was introduced in Fall 2003.  They will, again, share their keen insights and expertise in helping you and your organization understand the impact and application of these regulations.

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