the U.S. Department of Labor’s Wage & Hour Division announced its
long-awaited proposal to amend 29 CFR Part 541, the “white collar”
exemption for executive, administrative, and professional employees. If
implemented, this proposal would increase the salary levels required
for the exemption and the highly compensated exemption -- more than
doubling the standard salary from $455 to an estimated $970 per week
($50,440 per year) in 2016 and increasing the highly-compensated salary
requirement to $122,148 per year. Under the DOL’s proposal, this amount
would be subject to automatic annual increases based on alternate
indexing methodologies discussed in the proposal. The
Department’s proposal also leaves open the possibility of significant
changes to the exempt duties test.
Seyfarth Shaw’s Exempt Status Amendments Taskforce understands the business, legal, and policy considerations with industry specific employers across the United States. For your convenience, we have produced a variety of client alerts, webinars and other resources to keep you informed available through the links that follow.
If we can be of assistance, please contact members of our Taskforce using one of the appropriate email addresses below or your Seyfarth Labor & Employment lawyer of choice.
|Healthcare Industry||Hospitality Industry|
|Click here to view the Seyfarth Healthcare Management Alert||Click here to view the Seyfarth Hospitality Management Alert|
|Click here to view the Healthcare presentation slides||Click here to view the Hospitality presentation slides|
|Click here to view the Healthcare webinar recording||Click here to view the webinar recording|
|Healthcare Specific Questions? Click here to send us an email||Hospitality Specific Questions? Click here to send us an email|
|Financial Services Industry||Retail Industry|
|Click here and here to view the Seyfarth Financial Services Alerts||Click here to view the Seyfarth Retail Management Alert|
|Click here to view the Financial Services presentation slides||Click here to view the Retail presentation slides|
|Click here to view the Financial Services webinar recording||Click here to view the Retail webinar recording|
|Financial Services Specific Questions? Click here to send us an email||Retail Specific Questions? Click here to send us an email|