Our firm enjoys spending time with business people, community leaders, budding entrepreneurs, local artists, and other community members. Whether we are hanging out with folks at the Salem Red Sox ballpark, attending chamber of commerce and Roanoke-Blacksburg Technology Council functions, or interacting with local artists in association with The Artful Lawyer, A Fine Gallery Inc. (our downstairs art gallery), we pride ourselves in engaging with the community. Our team also enjoys speaking on a myriad of topics that will help you grow your business both personally and professionally. We host Shark Bites monthly in our Blacksburg office and at the Grandin CoLab in Roanoke. Please see our calendar below for full registration information for this month’s Shark Bite. We are happy to speak to your group on intellectual property protection (copyrights, patents, trademarks, and trade secrets), business formation, contract drafting, social media usage, internet/technology law, and more.
Here for a Speaking Engagement? Parking map and directions here.
In May of this year, the Department of Labor issued new overtime rules that increased the salary threshold at which businesses must pay overtime rates for the first time in over a decade. But the jump was steep, and businesses everywhere have been scrambling to figure out to just whom within their organizations the rules apply. Then, just before Thanksgiving, and barely a week before the new rules were to go into effect, a Texas federal judge issued a preliminary injunction staying implementation of the new rules.
While the Department of Labor and the states fight it out, many businesses still are left in a quandry, having realized now that they really don’t know to which of their employees the rules may apply and in what way, as a result of not actually knowing the existing state of wage and hour laws, the requirements for employees and pay, and what the possible penalties are for noncompliance. Maybe you are in the same boat. Are your salaried employees exempt from the new laws, or are they actually entitled to overtime pay? Should your “independent contractors” actually be re-classified as “employees” based on the manner in which they work and are paid? When may a straight-commission employee be paid minimum wage?
Join us for a specially focused program relevant to employers and businesses of all sizes, during which we will review the current status of the minimum wage and overtime laws, and then dive into the new overtime rules that were supposed to go into effect on December 1 and what the implications were to have been for businesses and workers across the board. We’ll explain the issues that led to the November 22 court decision from Texas staying the implementation of the rules and consider the possible outcomes following appeal, and what they may mean for your business. You’ll leave with a detailed outline and a convenient checklist for examining your employee roster, classifications and payroll ledger in order to best determine what, if any, changes you may need to make headed into 2017.