Bankers' Overtime Exemption ToolkitTM

The Fair Labor Standards Act requires the payment of one and a half times the regular rate for all hours worked in excess of forty during the work week. The misclassification of employees as exempt continues to be a major area of exposure for banks.

The United States Department of Labor just issued proposed regulations which dramatically restrict the white collar exemptions. The new rules are expected to go into effect later in the year. The new rules require 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 claims based on misclassification. The Bankers Overtime Exemption ToolkitTM provides step-by-step guidance specifically designed for the banking industry.

The Guide has been designed by 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.

  • Model Job Evaluations for the most common Bank positions.
    Accounts Payable Clerk Job Analysis
    Assistant Branch Manager Job Analysis
    Bank Trust Officer Job Analysis
    Benefits Administrator Job Analysis
    Bookeeper Job Analysis
    Branch Manager Job Analysis
    Branch Operations Officer Job Analysis
    Branch Operations Specialist Job Analysis
    Business Banker Job Analysis
    Business Credit Analyst Job Analysis
    Commercial Credit Manager Job Analysis
    Commercial Lending Job Analysis
    Compliance Officer Job Analysis
    Consumer Loan Officer Job Analysis
    Customer Service Representative Job Analysis
    Financial Advisor Job Analysis
    Head Teller Job Analysis
    Human Resource Generalist Job Analysis
    Human Resources Manager Job Analysis
    Information Systems Manager Analysis
    Loan Adjuster Job Analysis
    Loan Officer Job Analysis
    Management Trainee Job Analysis
    Mortgage Loan Processing Clerk Job Analysis
    Mortgage Originator Job Analysis
    Operations Manager Job Analysis
    Reg Ops Manager Job Analysis
    Security Manager Job Analysis
    Senior Accounting Officer Job Analysis
    Senior Audit Officer Job Analysis
    Senior Credit Officer Job Analysis
    Technology Support Manager Job Analysis
    Technology Support Specialist II Job Analysis
    Teller Job Analysis
    Treasury Management Officer Job Analysis
    Wealth Management Officer Job Analysis
  • Self assessment Process to expedite review and generate accurate results.
  • Easy to read Comparison Charts giving an overview of the most significant bank industry differences between the proposed regulations and the current standards.
  • Overtime Exemption Checklists that allows position-by-position assessment of classification compliance.
  • Special Checklist to evaluate application of outside sales exemption to lending positions.
  • Job Evaluation Questionnaires to aid in developing FLSA-compliant job descriptions for your Bank.
  • 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.
  • Recordkeeping Checklist
  • Hours Worked Checklist
  • Minimum Wage Checklist
  • Computing Overtime Payments Checklist
  • Halftime Overtime Premium and Coefficient Table
  • Wage-Hour Investigation Guidelines

Pricing

The Overtime Exemption ToolkitTM is available for $495.00.

Bankers interested in purchasing the Overtime Exemption ToolkitTM may call 1-866-801-6302 toll free, email to bankers@employlawcompliance.com or fax us at 770.206.3381. You can learn more about ELC’s Solutions and Services at our website: www.employlawcompliance.com.