On April 21, 2004, the United States Department of Labor issued the first major reform of the white collar exemption in almost seventy years of its existence. The new rules went into effect on August 23, 2004.

The new rules offer an opportunity to banks to review their classification of exempt and non-exempt employees, and to bring the exempt/non-exempt treatment of positions into line with the regulations, while minimizing exposure to employee claims based on misclassification. The Overtime Exemption Guide^TM provides step-by-step guidance specifically designed for the banking industry on how to meet the August deadline for compliance.

The Guide has been designed for Employment Law Compliance by Helms & Greene, LLC, national experts on Wage and Hour law, and a team of employment compliance professionals with many years’ experience assisting banks. Look at these components addressing the new rules.

• Easy to read Comparison Charts giving an overview of the most significant bank industry differences between the new regulations and the old.
• Overtime Exemption Checklists that allow position-by-position assessment of classification compliance.
• Job Evaluation Questionnaires to aid in developing FLSA-compliant job descriptions for your Bank.
• Model Job Descriptions incorporating the elements of the new regulations for the most common Bank positions.
• Guidelines for implementing a “Good Faith Compliance Initiative” that allows the Bank to retain exempt status, even after making improper deductions.
• Key DOL authorities impacting community banks.

Plus the Guide also contains: