The Department of Labor recently released its final rule doubling the salary level used to determine whether employees are exempt from overtime pay under the Fair Labor Standards Act. As part of its service to ABA members, the firm Employment Law Compliance offers for sale a toolkit to provide step-by-step guidance to complying with the new rules. Components specifically designed for the banking industry include model job evaluations for the most common bank positions, job evaluation questionnaires and position-by-position assessment tools.
Bankers can also subscribe to ABA’s free email bulletin, ABA Newsbytes: Human Resources for timely and relevant human resources news, information and regulatory updates on issues that affect HR staff and policies of financial institutions.
Read more about the Banker's Overtime Exemption Guide.