IBA offers second training for new FLSA requirements

money1The new Fair Labor Standards Act (FLSA) minimum salary requirements have changed the salary level that determines whether employees are exempt from overtime pay. On Dec. 1, this amount will rise from $23,660 to $47,476, or $913 per week. The Iowa Bankers Association (IBA) is offering a second training opportunity to help banks comply with the new rules related to the overtime provisions. The training will take place from 10 a.m. to 2 p.m. on Aug. 25, at the IBA offices in Johnston. The training will include presentations by Jill Jensen-Welch and Mike Staebell to discuss the impact of the Final Rule on the Salary Test, the test that must be met for a position to qualify as exempt; the implications for business; and tips on how to communicate with impacted employees. Jensen-Welch and Staebell will also conduct a job description workshop giving samples of bank job descriptions that commonly are misclassified. Click here to learn more or to register.

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