An employer must pay overtime wages to all employees considered non-exempt under the federal Fair Labor Standards Act (FLSA) and numerous state laws. Although the FLSA establishes federal guidelines on who qualifies for overtime, when overtime begins and how to calculate it, state laws often differ. The US Department of Labor is stepping up its enforcement efforts to make sure employees receive the overtime pay to which they are entitled. Audits by the DOL can be random or as a result of a complaint from a laid-off worker. Either way, you need to know the law and to be prepared.
Do you know who is exempt from overtime and who is not? Do you owe overtime after 8 hours work a day or over 40 hours work in a week? What time spent by your workers counts toward the limits for regular pay? How do you calculate overtime rates for salaried vs hourly workers? What non-wage payments apply toward the overtime rate of pay?
Why You Should Attend:
This 90-minute webinar by payroll consultant Mark Schwartz is designed to give you the answers to these questions and evaluate your current payroll system regarding overtime calculations. Mr. Schwartz will clarify the federal rules on overtime pay, inform you how to determine what your own state’s requirements are, and point out how federal and state laws may differ.
- Who are exempt vs. non-exempt workers.
- Differences between federal and state laws
- When does state law apply
- How to determine number of hours worked before overtime must be paid.
- Determining regular rate of pay.
- Computing back wages for overtime purposes
- Hours that are exempt for overtime purposes
- Rules regarding compensatory time off
- The effect on overtime calculation of stock options, commissions, and retroactive pay increases.
- Penalties for non-compliance with applicable law
- Payroll Department
- Accounting Department
- HR Department
- Small to Medium Sized Business Owners
- Payroll Apprentices
- Start up Entrepreneurs
- Compensation Practitioners