Fair Labor Standards Act & Human Capital Investment Strategy

Date: Jun 17, 2016
Time: 09:30 AM to 11:30 AM

Arthur J. Gallagher & Co. - Conference Room A&B
3600 American Blvd. #500, Bloomington

Fee: Free for MCN Members

Going Beyond the New Overtime Rules and Classification Tactics to Make Sound, ROI-Driven Rewards Allocations

On May 18, the U.S. Department of Labor changed the minimum salary levels required to qualify for overtime exemptions. In this session, we’ll familiarize you with the new rules which go into effect on December 1, 2016. We’ll walk you through “simple” responses to adjust to these new rules, like reclassification and wage/salary adjustments. But we’ll take you farther – to address the new requirements from a total rewards perspective to ensure that you’re designing and implementing an integrated human capital investment strategy that effectively allocates resources for not just compensation, but also for benefits and other rewards components like recognition, career development and culture development, so that your organization achieves a continuously improving return on talent investment.

In this session, you’ll learn about:

  • The new Fair Labor Standards Act (FLSA) requirements
  • Implications of changing classification and wage/salary levels
  • Management concerns
  • Incorporating the new rules into the development and implementation of an integrated human capital investment strategy
  • How to ensure a strong return on overall talent investment in the “new rule” environment

Learning Objectives

At the conclusion of this training, participants will be able to:

  • Apply new FLSA regulatory requirements to wage and job classification issues
  • Make sound, integrated, strategically-oriented integrated human capital investment decisions given new FLSA regulatory requirements
  • Focus decisions emanating from FLSA regulations on optimizing overall return on talent investment

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Event Details

Food: Light snacks and coffee will be provided.

Parking: Plenty of free parking is available surrounding the office location.

Schedule: The event will include a 90-minute presentation followed by 30 minutes of Q&A. Feel free to stay throughout, or leave at 11:00 if the Q&A does not apply to your situation. During the Q&A, broad questions – applicable to many nonprofits – will be answered; we will not be able to provide legal advice for your particular nonprofit.

About the Presenter

Keith FreideKeith A. Friede is area vice president, talent & organization development, and North Central Region practice leader at Arthur J. Gallagher & Co. He brings over 20 years of organizational leadership and human resource development experience to his role. His core areas of professional development expertise include leadership and management, presentation skills, and interpersonal communication. Keith is also a leading authority on employee benefits and human resources regulatory requirements. Prior to joining Arthur J. Gallagher & Co., Keith was president of A.E. Roberts Company. Before that, he was an independent HRD consultant, and an internal training and organization development consultant with ITT. Keith holds an M.A. in human resource development from the University of St. Thomas, where he completed ground-breaking research in the area of leadership in virtual organizations. Keith is also an advisor and contributor to the Centre for Applied Leadership.

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