New FLSA Regulations on Overtime

As most of you know, the Department of Labor has issued new regulations for overtime pay. There is a significant change in how employers determine whether an employee is exempt or non-exempt (entitled to overtime).  This new change takes effect on December 1, 2016.  Following are the major changes to the regulation:

Salary Minimums

Non-Exempt Minimum – The minimum salary has been increased to $913/week or $47,476 annually. This applies to most white collar workers (administrators and professional employees).

Highly Compensated Minimum – The minimum salary needed to qualify for this employee group is $134,004.

The Department of Labor has issued some guidelines on testing “duties” of employees to determine whether an employee is eligible. More information on this topic can be found here http://webapps.dol.gov/elaws/whd/flsa/overtime/menu.htm.

For more information and answers to FAQs, click here https://www.dol.gov/whd/overtime/final2016/faq.htm

 

New Fiscal Services Employee

We have recently hired Bethany Vallos as our new Fiscal Services Support Specialist.  Bethany comes to NEOnet with 13 years of ITC experience in fiscal and student data.  Bethany was part of the implementation of SunGard eFinancePLUS at SPARCC and will be responsible for implementing, training and supporting users of eFinancePLUS here at NEOnet.

 

SunGard eFinancePLUS – Salary Projections

Did you know that eFinancePLUS includes a module for Human Resources that enables districts to budget for personnel?  There is a Salary Projection feature that can calculate an increase or decrease in an existing employee’s or group of employees’ salary or schedule as a percentage, dollar amount, or both. This can easily be carried over to a schedule in the payroll process.  It’s easy to identify your bottom line salary costs and the salary calculations can be re-run as many times as needed.

 

EMIS/USPS Connection

After many user requests, NEOnet is excited to offer our first USPS & EMIS Training!  This will be held on Friday, November 11 in Rooms A & B at NEOnet.  This training will  help to bridge the gap between USPS Payroll Clerks & EMIS Coordinators. Our intentions for this training is that both Payroll & EMIS will attend together. We have had a tremendous response to this offering (at this time there are 60 signed up to attend).  If you would like to attend, but haven't signed up, please visit https://www.neonet.org/content/usps-emis-connection to reserve your seat.  If attendees would like access to their files, we are asking them to bring a laptop or other mobile device. Lunch will be provided.

 

Meeting Reminders

11/11/16 - 9:00 am - The USPS & EMIS Connection

11/15/16 - 9:00 am - Open Lab

12/02/16 - 9:00 am - USPS Calendar Year End

12/09/16 - 9:00 am - USAS Calendar Year End

12/14/16 - 12:00 pm - Treasurer's Operating Committee

 

 

October
2016
Fiscal Update