Description

Although the rules on exempt vs non-exempt employees have changed a few times in the past 10 years, overtime worked is, and has always been, overtime earned. THERE ARE NO EXCEPTIONS.

But 1.5 times a worker's hourly pay rate is just the start of calculating overtime earned. This course is designed as a refresher on what hours and payments are considered when calculating overtime pay.

Why you should Attend:

THE DOL issued its new Final Rule on meat workers. The Rule increases salary thresholds for all employees considered exempt from overtime. Learn exactly what the new amounts are and other information from the Rule.

If your employee works more than 40 hours a week (or over 8 hours a day in some states,- they have earned overtime at least 1.5 times their hourly rate of pay (HRP). Do you know all types of payments that carry an overtime premium? If not, Join Mark Schwartz in this informative webinar designed for the seasoned payroll professional to properly analyze overtime regulation compliance and help their CFO properly budget payroll expenses.

You will also find the answers to the following questions and more:

• What hours worked qualify for paid wages, and which don't? Which are eligible for overtime premiums, and which don't
• What fringe benefits and supplemental payments should be counted toward the hourly pay rate?
• Are there any restrictions on setting work weeks?
• How do you account for shift differentials, when an employee's workweek changes, etc?
• Do payments made after a regular payday need to be applied to weeks wherein overtime was worked?
• What states have overtime rules that are different than the minimums set by the Fair Labor Standards Act

Areas Covered in the Session:

• The basics of overtime,e as established in the FLSA, include:
  • An overview of exempt vs non-exempt workers
  • Definitions of overtime hours, workweek, and more
  • Employers NOT covered by the FLSA
• State definitions for hours worked, exempt employees, and more
• Work time that is included or excluded from hours that count toward overtime, including:
  • Breaks
  • Time away from the office
  • Travel
  • Pre and Post shift work
  • Training
• What qualifies as a work week, and what doesn't
• How to calculate overtime due to shift differentials work week changes
• What payments count toward the "regular rate of pay."
• How to calculate the regular rate of pay in unusual circumstances
• How to take into account pay that happens outside the regular payday for weeks worked overtime

And much more, including numerical examples.

Who Will Benefit:

• Budgeting Personnel
• Payroll Personnel and Management
• HR Managers
• Department Managers and Budget Personnel
• Timekeepers
• Financial Dept Personnel